TSYS’s $1.05 Billion Acquisition of Cayan

BofA Merrill Lynch and Greenhill & Co., LLC are acting as financial advisors and Alston & Bird LLP is acting as legal advisor to TSYS. Financial Technology Partners LP is acting as financial advisor and Kirkland & Ellis LLP is acting as legal advisor to Cayan.

TSYS (NYSE: TSS), a leading global payments solutions provider across the issuing, merchant and prepaid industries, today announced it has entered into an agreement to acquire Cayan, a payment technology company focused on integrated payment solutions and merchant acquiring, in an all cash transaction valued at approximately $1.05 billion. The transaction is expected to be modestly accretive to TSYS’ net revenue growth and adjusted diluted EPS in the first full year post closing.Cayan, a portfolio company of Parthenon Capital Partners, provides technology led acquiring services to more than 70,000 merchants and 100+ integrated partners in the U.S. Their flagship Genius platform delivers a seamless and scalable unified commerce experience across channels.

The Kirkland team was led by corporate partners Benjamin Clinger (Picture) and Joseph Halloum.

 

Involved fees earner: Benjamin Clinger – Kirkland & Ellis; Joseph Halloum – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Cayan LLC;

 

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Author: Ambrogio Visconti