backNEW YORK, Jan. 27, 2016 — King & Spalding advised TSYS, a leading global payment solutions provider, on its acquisition of TransFirst, a Vista Equity Partners portfolio company and leading U.S. merchant solutions provider. The all-cash transaction is valued at approximately $2.35 billion.
The transaction enhances TSYS’s offering and position in the high-growth areas of integrated payments, e-commerce and omni-channel services. As a result of the transaction, TSYS will be the sixth largest U.S. acquirer, based on net revenue, supporting more than 645,000 merchant outlets.
TransFirst delivers merchant solutions to more than 235,000 small and medium-sized businesses in the U.S. through its proprietary technology, end-to-end customized and multi-channel products and superior customer service.
The King & Spalding corporate team, led by partners Bill Baxley and Spencer Johnson, includes partners Rob Leclerc and Justin King, senior associate Nathan Mihalik and associates Scott Edwards and Rebecca Cushing. The finance team led by partners Carolyn Alford and Keith Townsend, includes partner Cecilia Hong and senior associate Zach Cochran. The tax team includes partner John Sweet. The employment and benefits team includes partner Ken Raskin and counsel Mark Kelly and Scott Mario. The intellectual property team includes Scott Petty. Partners Peter Todaro and Jeff Spigel provided advice on antitrust matters. Partner Shelby Guilbert advised on insurance matters.
About King & Spalding
Celebrating more than 130 years of service, King & Spalding is an international law firm that represents a broad array of clients, including half of the Fortune Global 100, with 900 lawyers in 18 offices in the United States, Europe, the Middle East and Asia. The firm has handled matters in over 160 countries on six continents and is consistently recognized for the results it obtains, uncompromising commitment to quality, and dedication to understanding the business and culture of its clients. More information is available at www.kslaw.com.