REPAY’s Acquisition of BillingTree

Troutman Pepper Hamilton Sanders LLP advised Repay Holdings Corporation on the deal.

Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading provider of vertically-integrated payment solutions, announced it has signed a definitive agreement to acquire BillingTree for approximately $503 million. The acquisition will be financed with approximately $275 million in cash from REPAY’s balance sheet and $228 million in newly issued shares of REPAY Class A common stock to be issued to the seller. The transaction is subject to certain customary closing conditions and is expected to close by the end of the second quarter of 2021.

BillingTree, founded in 2003 and headquartered in Scottsdale, AZ, is a leading provider of omni-channel, integrated payments solutions to the Healthcare, Credit Union, Accounts Receivable Management (ARM), and Energy industries. Through its technology-enabled suite of products and services, including a variety of payment channels and reporting capabilities, BillingTree helps organizations get paid faster and more efficiently.

Credit Suisse served as exclusive financial advisor and Troutman Pepper served as legal advisor to REPAY. Financial Technology Partners (“FT Partners”) served as exclusive financial advisor and Kirkland & Ellis served as legal advisor to BillingTree and Parthenon.

The Troutman Pepper team was led by Partners Brendan Thomas (Picture) and David Ghegan, and including Heather Ducat, Robert Friedman, Jeff Banish, Jim Schutz and Ashley Hager, as well as corporate associates Brett Hubler, Celia Marcum, and Jackie Chang.

Involved fees earner: Jeffery Banish – Troutman Pepper Hamilton Sanders LLP; Jackie Chang – Troutman Pepper Hamilton Sanders LLP; Heather Ducat – Troutman Pepper Hamilton Sanders LLP; Robert Friedman – Troutman Pepper Hamilton Sanders LLP; David Ghegan – Troutman Pepper Hamilton Sanders LLP; Ashley Hager – Troutman Pepper Hamilton Sanders LLP; Brett Hubler – Troutman Pepper Hamilton Sanders LLP; Celia Marcum – Troutman Pepper Hamilton Sanders LLP; James Schutz – Troutman Pepper Hamilton Sanders LLP; Brendan Thomas – Troutman Pepper Hamilton Sanders LLP;

Law Firms: Troutman Pepper Hamilton Sanders LLP;

Clients: Repay Holdings Corporation;

Author: Martina Bellini