King & Spalding Advised Total System Services in Its $2.35 Billion Acquisition of TransFirst

King & Spalding advised Total System Services, Inc. as it completed the acquisition of TransFirst Holdings Corp. from various funds of Vista Equity Partners in accordance with the terms of the Stock Purchase Agreement dated January 26, 2016. TransFirst provides merchant payment solutions for more than 235,000 small and medium-sized domestic businesses through a partner-centric distribution model, focusing on partners in the areas of healthcare, non-profits, referral banks and commerce associations. As a result of the acquisition, TSYS will be the sixth largest U.S. merchant acquirer, providing payment solutions and support to more than 645,000 businesses. The terms of the agreement reflect a cash purchase price of $2.35 billion.