PayFacto’s C$150 Million Equity Financing

PayFacto's C$150 Million Equity Financing

BCF Avocats d’affaires represented PayFacto on the deal.

PayFacto Payments Inc., a leading provider of payment solutions and point-of-sale technologies, has recently announced an equity investment of up to C$150 million led by private equity firm Flexpoint Ford with participation from BMO Capital Partners.

The growth equity investment will be used to finance PayFacto’s significant expansion in the U.S. market in addition to accelerating its growth strategy and further enhancing PayFacto’s suite of payment products, launching its new cloud-based point-of-sale system, and funding future acquisitions.

PayFacto, one of Canada’s largest non-bank payment processors, is a leading provider of payment processing technologies and hospitality technology solutions.

Flexpoint Ford is a US-based private equity investment firm and specializes in privately negotiated investments in the financial services and healthcare industries.

The BCF team was led by Julie Doré (Picture) and Karen Aguilar, and included Pierre Allard, Mehrez Houacine and Jean-François Reed (Tax), Martin Sills and Eleonora Eusepi (Financing), Philippe Hébert, Jean-Pierre Katcho, Béatrice Cosgrove, James C. Tremblay and Camille Rivard (Mergers & Acquisitions/Commercial), Kevin Vincelette (Labour) and Josée Lacroix and Emilia Stoute (Corporate).

Involved fees earner: Karen Aguilar – BCF Avocats d’affaires; Pierre Allard – BCF Avocats d’affaires; Béatrice Cosgrove – BCF Avocats d’affaires; Julie Doré – BCF Avocats d’affaires; Eleonora Eusepi – BCF Avocats d’affaires; Philippe Hébert – BCF Avocats d’affaires; Mehrez Houacine – BCF Avocats d’affaires; Jean-Pierre Katcho – BCF Avocats d’affaires; Jean-François Reed – BCF Avocats d’affaires; Martin Sills – BCF Avocats d’affaires; James-C. Tremblay – BCF Avocats d’affaires; Kevin Vincelette – BCF Avocats d’affaires;

Law Firms: BCF Avocats d’affaires;

Clients: PayFacto Inc.;

Author: Martina Bellini