Wednesday, April 14, 2010
Mercury Payment Systems Gets Investment From Silver Lake
Durango, Colorado-based Mercury Payment Systems, a provider of payment processing services, has received a strategic growth investment from private equity firm Silver Lake, the firms said today. According to the two, Silver Lake will acquire approximately 60 percent of Mercury as part of a strategic growth investment. Size of that investment was not disclosed. The firms said that Mercury's founders, Marc Katz and Jeffrey Katz, will retain about 40 percent of the company, and remain on the board of directors. Mercury was advised by Financial Technology Partners LP and FTP Securities LLC in the deal. The companies said that Mercury is among the five largest, non-bank merchant acquirers in the U.S., based on the number of transactions.