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Announced

Completed

Accel-KKR completed the acquisition of Accertify from American Express.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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fraud prevention

United States

IT Services: Other

Acquisition

Domestic

Private

Majority

Private Equity

Friendly

Single Bidder

Completed

Synopsis

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Accel-KKR, a technology-focused private equity firm, completed the acquisition of Accertify, a provider of fraud prevention, chargeback management, account protection, and payment gateway solutions, from American Express, an American bank holding company. Financial terms were not disclosed. "As Accertify's partner, Accel-KKR is committed to bringing our firm's full resources, insights and capital to support Accertify's investment strategy and mission to help enterprise customers prevent fraud, reduce costs and ultimately increase revenue. Accertify has built an enviable market position thanks to its robust technology, deep client relationships, and talented team. We are eager to build upon this strong foundation and support Accertify in its next phase of growth and expansion," Park Durrett, Accel-KKR Managing Director.

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