Calera Capital, a middle market private equity firm, acquired a stake in Transaction Services Group Limited (TSG), an Auckland, New Zealand-based global payment solutions provider.
The terms of the transaction were not disclosed.
In conjunction with the investment, Calera Capital Managing Partner James Farrell, Senior Managing Director Paul Walsh and Principal Brian Fearnow will join the company’s board.
TSG is an outsourced provider of solutions and technology that enable businesses to accept recurring payments from customers. Its solution set provides clients with payment processing, customer service, credit control, debt collection, data analytics and reporting services.
The company, which operates under multiple brands, including Debitsuccess, PaySmart, DFC and Harlands Group, has operations across Australasia, Europe and North America.
Following the the deal, Murray Bolton, TSG’s Chairman, and the senior management of the company will retain an equity stake in the business.
FinSMEs
10/11/2015