Vista Equity Partners to Acquire TransFirst Inc.
Acquisition indicates new phase of growth for leading provider of transaction
processing services and payment technologies
New York, NY – October 13, 2014 – TransFirst Inc., a leading provider of secure payment
processing, announced today that it will be acquired by Vista Equity Partners (“Vista”), a leading
private equity firm focused on software, data and technology-enabled businesses. The
acquisition will allow TransFirst to enter a new phase of growth focused on their end to end
technology platform, growing their network of merchants and strengthening their base of
“With over 200,000 merchants and more than 1,300 partners, we are well positioned to
continue our current growth trajectory and solidify our position as the leading provider of
payment processing solutions in the SMB Space,” said TransFirst CEO John Shlonsky. “We are
very grateful for the terrific partnership that we have had with WCAS since 2007, during which
we have built TransFirst into an industry leader, and are incredibly excited to be entering this
next phase of growth with Vista, who has such a strong track record of improving operational
performance, supporting their management teams, and creating long-term sustainable value.”
Vista Equity Partners is a leading private equity firm with over $13.5 billion in cumulative capital
commitments, focused on investments in software, data and technology-enabled companies.
Vista has an extensive track record of successful transactions, helping companies achieve
operational, product and customer service excellence by contributing professional expertise
and proven best practices.
“TransFirst is a leading provider of secure transaction processing services and payment enabling
technologies because they have a unique end to end technology platform and a focus on
merchant and partner satisfaction,” said Robert F. Smith, Chairman and CEO of Vista Equity
Partners. “We are excited to build on that success, continuing to serve the needs of current
merchants and partners while exploring new opportunities to accelerate growth.”
“We have enjoyed our close partnership with the TransFirst management team over the last
several years” said Eric J. Lee, General Partner at Welsh, Carson, Anderson & Stowe. “Together
with WCAS, John Shlonsky, CEO of TransFirst, and his leadership team have done an
outstanding job building the Company into a market leader. We are confident that TransFirst
will continue to build on its continued successes together with Vista.”
The transaction is expected to close later this year. Financial terms have not been disclosed.
Jefferies acted as financial advisor to Vista. Kirkland & Ellis acted as legal counsel to Vista.
Goldman Sachs, Bank of America Merrill Lynch, JP Morgan, Deutsche Bank, Evercore, SunTrust
Robinson Humphrey, William Blair, Wells Fargo, Raymond James, FT Partners, Credit Suisse, and
Solebury Capital acted as financial or capital markets advisors to TransFirst Inc. Ropes & Gray
acted as legal counsel to TransFirst Inc.
A leading provider of secure transaction processing services and payment enabling
technologies, TransFirst offers innovative products and services designed with financial
institution, independent sales organization, healthcare, e-commerce, government and
merchant customers’ unique needs in mind. By collaborating with our customers and utilizing
strong industry knowledge, we can help them grow their businesses. Founded in 1995,
TransFirst continues to attain significant market share and world-class expertise in growing and
profitable industry segments. Built on a platform of personal service, customer commitment
and flexible pricing, TransFirst is headquartered in Hauppauge, New York, and has operations
facilities in Aurora, Colorado; Broomfield, Colorado; Franklin, Tennessee; and Cypress,
California; and executive headquarters in Dallas, Texas. For additional information, please call
800.745.2659 or visit www.TransFirst.com.
About Vista Equity Partners
Vista Equity Partners, a U.S.-based private equity firm with offices in Austin, Chicago and San
Francisco, with over $13.5 billion in cumulative capital commitments, currently invests in
dynamic, successful software, data and technology-enabled organizations led by world-class
management teams with long-term perspective. Vista is a value-added investor, contributing
professional expertise and multi-level support towards companies realizing their full potential.
Vista’s investment approach is anchored by a sizable long-term capital base, experience in
structuring technology-oriented transactions, and proven management techniques that yield
flexibility and opportunity in private equity investing. For more information, please visit
About Welsh, Carson, Anderson & Stowe
Welsh, Carson, Anderson & Stowe focuses its investment activity in two target industries,
information/business services and healthcare. Since its founding in 1979, the Firm has organized
15 limited partnerships with total capital of $20 billion. The Firm is currently investing an equity
fund, Welsh, Carson, Anderson & Stowe XI, L.P. See www.welshcarson.com to learn more.