Great Hill Partners completed the acquisition of VersaPay for $95m.

Great Hill Partners, a growth-oriented private equity firm, completed the acquisition of VersaPay, a fintech company, for $95m. VersaPay shareholders received a cash consideration of $2.04 for each VersaPay share. The consideration represented a 47.5% premium to the closing price of the VersaPay shares. "As a privately owned company backed by a strong partner like Great Hill, VersaPay will be positioned to invest strategically and focus on long-term growth. We are excited about this next stage of our journey and our partnership with Great Hill as we work together to become the clear leader in our markets," Craig O'Neill, VersaPay CEO.