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Announced

Completed

Housatonic Partners completed an investment in eCard Systems.

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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Single Bidder

E-commerce

Private Equity

United States

gift cards

Minority

Private

Completed

Friendly

Acquisition

Domestic

Synopsis

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Housatonic Partners, a private equity firm, completed an investment in eCard Systems, an end-to-end provider of outsourced gift card programs and processing services. Financial terms were not disclosed. “Today marks a significant milestone in eCard Systems’ journey. We’re thrilled to deepen our partnership with the Housatonic team given their extensive track record of supporting and growing search fund businesses. We look forward to working with them to continue expanding our gift card program offerings for merchants and are confident that this partnership will greatly benefit our customer base and point-of-sale partners,” Benjamin Berg, eCard CEO.

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