Announced
Completed
Financials
Tags
Acquisition
Private
Friendly
liquidity solutions
United States
deposit solutions
Minority
Domestic
Private Equity
FinTech
Completed
Single Bidder
Synopsis
GTCR, a private equity firm, completed the acquisition of a 50% stake in R&T Deposit Solutions, a provider of tech-enabled liquidity management, deposit funding, and securities-based lending programs. Financial terms were not disclosed. "As a result of this new investment, R&T will expand on its leading range of client-focused solutions for cash management, liquidity, and securities-based lending. We believe that R&T is well-positioned to accelerate its already strong growth trajectory and we have tremendous conviction in the caliber and capabilities of R&T's leadership team. Along with our new partners at Estancia, we look forward to supporting Susan, Joe, and the broader R&T management team as they lead the Company into its next phase of growth," Mike Hollander, GTCR Managing Director.
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