GTCR to Acquire Sage Payment Solutions
Atlanta -- Paul Hastings LLP, a leading global law firm, served as regulatory and payments transactional counsel to GTCR, a leading private equity firm, in a carve-out transaction to acquire Sage Payment Solutions, Inc. (SPS) from The Sage Group plc for $260 million. SPS provides credit card, ACH, check, gift and loyalty card processing services to small and medium-sized businesses in North America. The transaction is expected to close in the third quarter of 2017, and is subject to receipt of customary regulatory approvals and other consents.
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