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Vantiv, Inc. (VNTV)

  • 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 | Comment!
VNTV vs. ETF Alternatives
Company Description
Vantiv Inc is an integrated payment processor differentiated by a single, proprietary technology platform. The Company operates as a single integrated business and its segments include Merchant Services and Financial Institution Services.
Sector: Services
Country: United States