In executing its Leaders StrategyTM, GTCR partnered with Jeff Hack in 2018 to transform the company within the rapidly evolving integrated payments space. Such forward looking statements include estimated financial information. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. As a result, the combined company changed its name to Paya Holdings Inc. ("Paya" or the "Company") and will trade on the Nasdaq Stock Market with the ticker symbol "PAYA" beginning October 19, 2020. The company processes over $30 billion of annual payment volume across credit/debit card, ACH, and check, making it a top 20 provider of payment processing in the US and #6 overall in e-Commerce. Deal represents firm's successful execution of The Leaders Strategy™ within the payments industry. The balance of the consideration will consist of shares of common stock in the combined company. These factors include, but are not limited to: (1) the risk that the business combination disrupts current plans and operations of Paya, (2) the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (3) costs related to the business combination; (4) changes in applicable laws or regulations; (5) the possibility that Paya may be adversely affected by other economic, business, and/or competitive factors; and (6) other risks and uncertainties indicated from time to time in other documents filed or to be filed with the SEC by FinTech Acquisition Corp. III or the combined company. Kirkland & Ellis LLP acted as legal counsel to Paya. Combined 100+ years in payments industry with organizations including JPMorgan Chase. Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare, Technology, Media & Telecommunications, and Growth Business Services industries. Turn Customers into Fans, Post-Pandemic: The New Role of IT and How It'll Impact Your Company's Bottom Line, How Cloud Telephony Will Help You Prepare for COVID-19 Challenges in 2021, Boost the Profitability of Your Data Protection MSP Services, How to Minimize Cost in Your Contact Center, Solving the Top 3 Privileged User Access Problems, Data Growth and the MSP: Best Practices for Profitably Delivering Data Protection, Self-Service Maturity Model: Gaining a Competitive Advantage from Self-Service, Leading independent payments platform in growing market, Largest independent pure-play provider in the rapidly growing integrated payments space, Among highest proportion of card-not-present (CNP) transactions in the industry, comprising 85% of card volume. FinTech Acquisition Corp. III stockholders and other interested persons may obtain, without charge, more detailed information regarding the directors and officers of FinTech Acquisition Corp. III in FinTech Acquisition Corp. III's Annual Report on Form 10-K for the fiscal year ended December 31, 2019. Morgan Stanley, Evercore and Cantor Fitzgerald & Co. acted as private placement agents. Paya Inc., an integrated payments company, announced on Monday its merger with FinTech Acquisition Corp III, a special purpose acquisition company (SPAC), thus, confirming its listing on NASDAQ.. With this deal, the combined value of the company amounts to $1.3 billion. Paya is headquartered in Atlanta, GA, with offices in Reston, VA, Fort Walton Beach, FL, Dayton, OH, Mt. Pursuant to the merger agreement, a newly formed entity, FinTech Acquisition Corp. III Parent Corp., will cause a merger subsidiary to merge with and into FinTech Acquisition Corp. III, resulting in FinTech Acquisition Corp. III Parent Corp. being the new parent company. Paya, a leading integrated payments and commerce solution provider, and FinTech Acquisition Corp. III (NASDAQ: FTAC) ("FinTech III"), a special purpose acquisition company, announced today that they have entered into a definitive merger agreement. United States Toll/International: +1 563 607 5050 Although, GTCR, the existing parent company of Paya, will continue to be the largest shareholder of the merged entity. This document does not contain all the information that should be considered concerning the proposed Business Combination. It is not intended to form the basis of any investment decision or any other decision in respect to the proposed Business Combination. The definitive proxy statement / prospectus will be mailed to FinTech Acquisition Corp. III stockholders as of a record date to be established for voting on the proposed Business Combination when it becomes available. FinTech Acquisition Corp. III stockholders and other interested persons are advised to read, when available, the preliminary proxy statement / prospectus and any amendments thereto, and the definitive proxy statement / prospectus in connection with FinTech Acquisition Corp. III's solicitation of proxies for the special meeting to be held to approve the transactions contemplated by the proposed Business Combination because these materials will contain important information about Paya, Inc., FinTech Acquisition Corp. III and the proposed transactions. We have reached this milestone thanks to a terrific roster of software partners, as well as our talented and dedicated Paya colleagues. The business has built its foundation on offering robust integrations into front-end CRM and back-end accounting systems to enhance customer experience and workflow. Such forward looking statements with respect to revenues, earnings, performance, strategies, prospects and other aspects of the businesses of FinTech Acquisition Corp. III, Paya, Inc. or the combined company after completion of the Business Combination are based on current expectations that are subject to risks and uncertainties. All Rights Reserved. Vernon, OH and Dallas, TX. The Chicago-based firm pioneered The Leaders Strategy™ - finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through transformational acquisitions and organic growth. Ledgewood PC is acting as legal counsel to FinTech III. Evercore acted as capital markets and financial advisor to Paya. View source version on businesswire.com: https://www.businesswire.com/news/home/20200803005351/en/. About GTCRFounded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare, Technology, Media & Telecommunications, and Growth Business Services industries. Monday, August 3, 2020 Media Inquiries:Kellie Kennedy, [email protected]312-933-4903, Cision Distribution 888-776-0942 The transaction reflects an implied enterprise value for the Company of approximately $1.3 billion. In addition, FinTech Acquisition Corp. III Parent Corp. intends to file a registration statement on Form S-4 with the SEC, which will include a proxy statement/prospectus of FinTech III, and will file other documents regarding the proposed transaction with the SEC. FinTech Acquisition Corp. III and its directors and officers may be deemed participants in the solicitation of proxies of FinTech Acquisition Corp. III stockholders in connection with the proposed business combination. Betsy Z. Cohen, Chairman of the Board of Directors of FinTech III, said, "Integrating payment solutions with software is the fastest growing segment of the payments industry, and Paya is perfectly positioned as the partner of choice for sophisticated software providers and middle market business clients across multiple attractive verticals. Existing Paya equity holders, including GTCR and management, will remain the largest investors by rolling over significant equity into the combined company.
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