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Announced

Completed

FinTech III completed the merger with GTCR-backed Paya in a $1.3bn deal.

Financials

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Transaction Value£993m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Merger

Acquisition

Payments / Commerce

Single Bidder

Private Equity

United States

payment solutions

Majority

Friendly

Completed

Disposal

Public

De-SPAC

Synopsis

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FinTech III, a special purpose acquisition company, completed the merger with GTCR-backed Paya, an integrated payments and commerce solution provider, in a $1.3bn deal. "The firm has been an exceptional partner, and we are excited for their continued support of our growth strategy while operating in the public market. I'd also like to express my appreciation to the public market investors who have invested in support of the next chapter in Paya's evolution," Jeff Hack, Paya CEO.

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