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New Deal


Announced

Completed

PSG completed the investment in Versatile Credit.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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software company

Software

Domestic

Minority

Venture Capital

Friendly

United States

Acquisition

Private

Private Equity

Completed

Single Bidder

Synopsis

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PSG, a private equity firm, completed the investment in Versatile Credit, a provider of software connecting merchants, lenders and consumers. Financial terms were not disclosed. “Our momentum to date reflects what we believe is a market opportunity for Versatile as well as for the merchants, lenders and consumers we are proud to serve. We are grateful for the opportunity to partner with PSG, a firm with a strong heritage in fintech investing that can provide the resources and domain knowledge we believe will be critical to the successful execution of our strategic growth plans," Ed O’Donnell, Versatile Chief Executive Officer.

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