Twitter LinkedIn
    Wednesday, May 25
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Mergers & Acquisitions»TSG and Clearent Merge to Form Xplor,a Global Platform Integrating Software
    Mergers & Acquisitions

    TSG and Clearent Merge to Form Xplor,a Global Platform Integrating Software

    February 26, 2021Updated:February 26, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    New company to serve five fast-growing verticals spanning everyday life activities. Transaction combines two Advent International portfolio companies.

    Clearent, a full-service, integrated payment solutions provider based in the United States and Transaction Services Group (TSG), a global provider of business management software and integrated payments for the subscription economy, today announced that they have entered into a definitive merger agreement. TSG and Clearent, both portfolio companies of Advent International (“Advent”), one of the world’s largest private equity firms and a leading investor in payments technology, are combining to create a superior global platform designed to integrate software, payments, and commerce-enabling solutions for specific vertical markets.

    The resulting company will be relaunched as Xplor Technologies serving over 82,000 businesses that processed over $27 billion in payments, operating across 158 countries in 2020. The group’s offering combines enterprise software solutions for businesses in five industry verticals – Education, Health and Fitness, Boutique Wellness, Field Services and Personal Services – and a global, cloud-based processing platform that allows clients to seamlessly and securely process payments for their services.

    Read More

    Source: StreetInsider

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Deal Merge PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    KKR-Backed UK Startup Paddle Strikes $200 Million Deal

    May 25, 2022

    KKR closes inaugural Asia Credit Fund at $1.1bn

    May 25, 2022

    Cathay Capital launches new €500m health fund

    May 24, 2022

    Pantheon passes $2.4bn in private debt secondaries as flagship fund closes at $834m

    May 24, 2022

    Comments are closed.

    Other Articles

    Footprint to go public in $1.6 bln deal with Gores-backed SPAC

    December 15, 2021

    BGF anticipates strong pipeline for 2021 after investing GBP37m in businesses in 2020

    January 14, 2021

    PE and VC entrepreneurs publish blueprint for Diversity and Inclusion in the investment industry

    February 15, 2021

    White Mountains to sell NSM to Carlyle

    May 16, 2022

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2022 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?