GTCR has agreed to sell TransFirst to Welsh, Carson, Anderson & Stowe for $683 million. TransFirst is a provider of transaction processing services and payment enabling technologies. The company currently processes approximately $25 billion in annual sales volume for more than 155,000 merchants and 965 financial institutions. Originally founded as ACS Merchant Services in 1995, GTCR partnered with TransFirst CEO Thomas Rouse to re-capitalize the company in 2000. The financing for the transaction is being led by Merrill Lynch & Co. and Deutsche Bank Securities, both of whom acted as M&A advisors to Welsh, Carson. TransFirst’s legal counsel was provided by Kirkland & Ellis LLP. Legal counsel for Welsh, Carson was provided by Ropes & Gray LLP.

To read the entire story, you must be logged in.
Please log in now or register with us.
Register

How useful was this post?

Tell us more about your rating decision