PSG Makes Growth Investment in Fidelity Payment Services; H.I.G. Growth Partners Remains Minority
July 19, 2022
PSG (Providence Strategic Growth) has made a strategic growth equity investment in Fidelity Payment Services, the operator of the Cardknox omni-channel payments platform. Existing investor H.I.G. Growth Partners sold its majority stake but coinvested in the deal and will remain a minority shareholder; proceeds will support Fidelity's go-to-market acceleration and M&A plans.
- Buyers
- PSG, H.I.G. Growth Partners
- Targets
- Fidelity Payment Services
- Sellers
- H.I.G. Growth Partners
- Industry
- Payments & Fintech
- Location
- New York, United States
- Transaction Type
- Growth capital
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