2017-01 Greenhall Capital Partners advises and invest in $25,000,000 transaction for the acquisition of a Merchant Portfolio by Credit Card Processing Company
Washington, DC – Greenhall Capital Partners, LLC, along with Cliff Road Capital Management, LLC, today announced the closing of a $25,000,000 investment in a leading credit card processing company, Clarus Merchant Services, LLC. The investment will allow Clarus to acquire credit card portfolios from all over the country. The investment closed in Q4 of 2016 with follow-on acquisitions slated for early Q1 and Q2 of 2017.
Otis Ofori, Principal of Greenhall Capital, said: “We are excited about deal. The upside is endless with a potential IPO or strategic acquisition in the near future by Randy and his team. Our team worked hard on due diligence and we are humbled to work alongside and participate with such smart professionals and businessmen.”
Greenhall has retained an equity stake in the transaction, along with on-going advisory services. Ballard Spahr LLP acted as lead counsel for Clarus Merchant Services.
* * * * * About Greenhall Capital Partners, LP Greenhall Capital Partners is a private investment fund focused on real estate, special situation credit investing and taking equity positions through managed buyouts, growth capital investments and leveraged recapitalizations in lower middle market companies. We invest in opportunities below $50 million. Greenhall specifically targets sectors in Real Estate, Professional Services, and Information Technology. The firm is headquartered in Washington, DC and maintains an office in New York.