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New Deal


Announced

Completed

General Atlantic completed the investment in Financial Information Technologies.

Financials

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Transaction Value-
Consideration TypeCash
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Capital Bid For-
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EV/EBITDA-
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One Off Charge-

Tags

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United States

electronic payment

Payments / Commerce

Acquisition

Domestic

Private

Minority

Private Equity

Completed

Friendly

Single Bidder

Synopsis

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General Atlantic, a growth equity firm, completed the investment in Financial Information Technologies, a provider of electronic payment processing, software and data solutions. Financial terms were not disclosed. “Fintech’s core mission is to enable frictionless commerce for retailers, distributors, and suppliers to accelerate sustained operational efficiency and improve insights and decision-making across the value chain. Our electronic payment and data insights technologies have been adopted by a growing number of sophisticated customers, and we are excited to leverage General Atlantic’s deep experience across software and payments to help power our next phase of growth," Tad Phelps, Fintech CEO.

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