Payments & Fintech Acquisitions in Ohio

Global Payments has completed the acquisition of Worldpay from GTCR and FIS for $24.25 billion in cash and stock as part of a three-way transaction that also saw FIS acquire Global Payments' Issuer Solutions business for $13.5 billion. GTCR will receive a mix of cash and Global Payments stock and will retain approximately 15% ownership in the combined company; the transactions reposition Global Payments as a leading pure-play commerce solutions provider and bolster FIS' issuing capabilities.

BharCap Partners has made a strategic majority investment in Electronic Merchant Systems (EMS), a Cleveland-based merchant solutions and payments provider. Bain Capital Credit and Group 1001 provided senior debt financing and acted as equity co-investors to support the transaction; terms were not disclosed.

PureCars, a martech and advertising intelligence provider backed by Diversis Capital Partners and Stage 1 Ventures, acquired automotive fintech SaaS provider truPayments on July 12, 2021. The deal integrates truPayments' shopping personalization and payment-shopping capabilities into PureCars' martech stack to give dealerships expanded payment data, improved digital retailing and earlier shopper conversion.

MRI Software has acquired the RentPayment business (RentPayment.com, StorageRentPayment.com and DuesPayment.com) from Priority Technology Holdings. Priority will continue to provide payment infrastructure and processing to the MRI platform; the deal brings a payments platform serving ~2,900 real-estate clients into MRI to scale and expand its global payments capability for residential, affordable and public housing markets.

Serent Capital has made a growth investment in Payliance, a payments processing, recovery, and risk management provider serving lenders and retail merchants. The partnership will provide Payliance with capital and Serent’s operating resources to scale the company’s payments platform and expand its market presence.