Advent to acquire Transaction Service Group from Calera Capital.

Advent International, a leading private equity firm acquires a majority stake in Transaction Services Group, leading global revenue management solutions company that provides business management software, integrated payments, and value-added services to clients around the globe from Calera Capital. TSG has deep domain expertise serving the “subscription economy.” Its unique offering of integrated payments, software, and value-added services helps gyms, community clubs, and childcare centers manage their members & customers, driving improved member retention and revenue performance, and reducing administrative burden and cost. “TSG represents a unique platform at the nexus of business management software and payments, which is well-positioned for future growth. We are excited to support TSG to drive product innovation and further expand its geographical footprint”, Jeffrey Paduch, Advent International Partner.