Blackhawk Network Acquires CashStar for $175 Million

Blackhawk Network to Acquire Tango Card

January 31, 2024

Cloud & SaaS

Blackhawk Network (BHN) has entered into a definitive agreement to acquire digital B2B gift card and rewards platform Tango Card to enhance BHN’s global rewards and incentives capabilities. The deal, which builds on BHN’s prior investment relationship with Tango and Tango’s 800% growth since FTV Capital’s 2018 investment, is subject to regulatory approvals related to money transmitter licenses and is expected to close later in the year.

Blackhawk Network Acquires National Gift Card (NGC) from Longshore Capital Partners

November 6, 2020

Payments & Fintech

Blackhawk Network has completed the acquisition of National Gift Card (NGC), a Crystal Lake, Illinois-based provider of technology-enabled prepaid and gift card solutions. The seller was Longshore Capital Partners (in conjunction with LaSalle Capital); the deal expands Blackhawk's prepaid, fulfillment and program-management capabilities and integrates NGC's fulfillment operations and customer base into Blackhawk's global branded-payments platform.

Blackhawk Network Acquires SVM Cards

April 8, 2020

Payments & Fintech

Blackhawk Network has completed its acquisition of SVM Cards, a provider of physical and digital open- and closed-loop prepaid and gift card solutions. The deal expands Blackhawk's prepaid and B2B incentives capabilities by adding closed-loop fuel card issuance and broadening its incentives and corporate gift card offerings.

SumUp Acquires Fivestars for $317M

October 28, 2021

Payments & Fintech

SumUp, the London-based payments provider, completed its acquisition of San Francisco-based Fivestars on October 28, 2021 for $317 million in cash and stock. The deal gives SumUp its first U.S. presence and integrates Fivestars' payments, loyalty and marketing automation platform while Fivestars' leadership, including CEO Victor Ho, remain in place.

Genstar Capital Acquires Majority Stake in Blue Star Sports

April 10, 2017

Cloud & SaaS

Genstar Capital has made a majority equity investment in Blue Star Sports to fund strategic acquisitions and accelerate the company's organic growth. Blue Star Sports — a Frisco, Texas–based provider of sports management software and payment solutions — will continue to have material ownership by founder Rob Wechsler, the Jerry Jones family, and Providence Strategic Growth while using the new capital to expand in North America and internationally.

Sangoma Technologies Acquires Star2Star Communications

January 29, 2021

Cloud & SaaS

Sangoma Technologies Corporation has entered into a definitive agreement to acquire StarBlue Inc. (dba Star2Star Communications) for approximately US$437 million in a transaction consisting of US$105 million cash and 110 million Sangoma common shares. The deal expands Sangoma's cloud communications and CaaS capabilities, adding roughly $107 million of recurring revenue and positioning the combined company as a top-tier cloud communications provider.