Bain Capital Ventures and Silversmith Capital Partners’ Acquisition of Swift Prepaid Solutions


Choate advised Silversmith Capital Partners on the deal

Silversmith Capital Partners and Bain Capital Ventures have partnered to acquire Swift Prepaid Solutions, a leading provider of prepaid solutions for global incentive and reward programs.

Initially founded as a non-bank issuer of Visa and Mastercard prepaid cards, today Swift distributes millions of payments annually on behalf of the world’s largest corporations to participants around the globe.

Silversmith Capital Partners is a private equity and venture capital firm specializing in growth equity, late stage venture, and lower middle market investments in the Fintech sector. The firm, led by Jeffrey R. Crisan, Todd A. MacLean, Lori Whelan, James J. Quagliaroli and Marc Munfa, is based in Boston.

A team led by Christian Atwood (Picture), co-chair of Choate’s private equity group, served as counsel to Silversmith Capital Partners in connection with the transaction.

Involved fees earner: Christian Atwood – Choate;

Law Firms: Choate;

Clients: Silversmith Capital Partners;

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Author: Ambrogio Visconti