.
MergerLinks Header Logo

New Deal


Announced

Completed

REPAY completed the merger with Thunder Bridge Acquisition in a $653m deal.

Financials

Edit Data
Transaction Value£507m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

online payment solutions

Friendly

United States

Private Equity

Merger

FinTech

Single Bidder

Majority

Completed

Public

Synopsis

Edit

Repay Holdings, a provider of vertically-integrated payment solutions, together with its parent, Hawk Parent Holdings, completed the merger with Thunder Bridge Acquisition, a special purpose acquisition company, in a $653m deal. Upon the close of the transaction, the Company intends to change its name to Repay Holdings Corporation and is expected to continue to trade on The Nasdaq Stock Market under a new ticker symbol. REPAY's management team, led by John Morris, Co-Founder and Chief Executive Officer, Shaler Alias, Co-Founder and President, and Tim Murphy, Chief Financial Officer, will continue to lead the Company. REPAY's existing majority equity holder, Corsair Capital, a leading private equity investor in the financial services industry, is expected to remain the Company's largest stockholder. Gary Simanson, President and CEO of Thunder Bridge, said, "REPAY has achieved impressive growth while also delivering high levels of profitability in an exciting and underpenetrated area of the payments sector. John Morris and his team have developed a technology platform that is well-positioned with over 50 software integration partnerships to service customers with a footprint representing more than 11,000 locations across the country. We are looking forward to partnering with REPAY's management team and Corsair in the next stage of the Company's development."

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US