Vantiv, Inc.(VNTV)- NYSE
  • May 12, 2014, 4:57 PM
    • Vantiv (VNTV) is buying payment-processor Mercury Payment Systems for $1.65B in cash from P-E firm Silver Lake. The deal will be paid for with "committed financing," and is expected to close in Q2.
    • Mercury had 2013 revenue of $237M (+17% Y/Y), and adjusted EBITDA of $93M. The company relies on a network of 3K+ software developers and resellers to offer its services to small/mid-sized businesses.
    • Vantiv expects the acquisition to be "modestly accretive" to EPS in 2014, with "accelerating accretion in 2015." The company asserts significantly expands its presence in the growing integrated payments space.
    • Earlier: Vantiv reportedly close to acquiring Mercury Payment
    | May 12, 2014, 4:57 PM
Company Description
Vantiv, Inc. operates as a holding company, which through its subsidiary, Vantiv Holding LLC, provides electronic payment processing services to merchants and financial institutions. It operates through two segments: Merchant Services and Financial Institution Services. The Merchant Services... More
Sector: Services
Industry: Business Services
Country: United States