Paya Holdings Acquires Paragon Payment Solutions

Nuvei Acquires Paya for $1.3 Billion

January 9, 2023

Payments & Fintech

Nuvei Corporation agreed to acquire Paya Holdings Inc. in an all-cash transaction valued at approximately $1.3 billion (USD $9.75 per share). The deal combines Nuvei's global payment platform with Paya's U.S. integrated-payments and ISV capabilities to accelerate growth in eCommerce, integrated payments and B2B end markets.

Paya (GTCR-backed) Acquires The Payment Group from Thompson Street Capital Partners

October 1, 2020

Payments & Fintech

Atlanta-based payments provider Paya, backed by private equity firm GTCR, has acquired The Payment Group (TPG) from Thompson Street Capital Partners for $21 million. The acquisition strengthens Paya’s government and utilities payments footprint—notably expanding its presence in Texas—and brings TPG’s ~600 municipal customers onto Paya’s platform.

Parthenon Capital Brings Together NXGEN International and Payscape

May 2, 2019

Payments & Fintech

Parthenon Capital backed the merger of NXGEN International and Payscape to form a combined global payments provider serving small- and mid-market merchants, SaaS partners and financial institutions. The combined company will operate in roughly 75 countries, process over $10 billion in annual payment volume and serve more than 20,000 merchants, with a strategic focus on product breadth, SaaS integrations and further acquisitive growth.

Paragon Group Acquires Parseq Limited

February 13, 2026

Professional Services

Paragon Group has acquired Parseq Limited, a UK-based specialist in document, finance, and payment process automation, to strengthen its business process services capabilities. The deal (which includes 354 employees globally) is intended to expand Paragon's UK footprint, accelerate innovation by integrating Parseq's robotic process automation and machine learning capabilities, and secure intellectual property for financial services clients.

Parthenon Capital Acquires Global Payments' Gaming Division to Form Pavilion Payments

April 3, 2023

Payments & Fintech

Parthenon Capital has acquired the gaming division of Global Payments Inc., transitioning Global Payments Gaming Solutions into an independent company renamed Pavilion Payments. The carve-out will be headquartered in Las Vegas and Parthenon intends to grow the business organically and via acquisitions while Global Payments remains a long-term technology partner.

Paragon Group Acquires Parseq from Parabellum Investments

June 10, 2020

Professional Services

Paragon Group has acquired Parseq, a UK-based business process outsourcing (BPO) provider, from Dubai-based investor Parabellum Investments. The deal expands Paragon's UK BPO and payment-processing capabilities and adds scale across Parseq's processing centres in Rotherham, Glasgow and international sites.