Private equity investment firm Welsh, Carson, Anderson & Stowe has signed investment in GlobalCollect, the world's premier payment service provider of local e-payments
AMSTERDAM--(BUSINESS WIRE)--GlobalCollect announced today that Welsh, Carson, Anderson & Stowe (WCAS), one of the largest and most successful private equity investment firms in the United States, has signed an agreement to acquire the majority share in GlobalCollect from General Atlantic LLC (GA), a leading global growth equity firm holding shares in GlobalCollect since 2007. GlobalCollect's senior management continues to hold the remaining stakes in the firm and will remain in charge of the operational business. The terms of the transaction were not disclosed.
Sanjay Swani, Member of the Management Committee of WCAS, said: “We are very pleased to add GlobalCollect to our portfolio of market-leading companies we invest in. With its excellent growth performance and proven track record as a leading Payment Service Provider, GlobalCollect fits our investment strategy perfectly. WCAS has over twenty years of experience investing in the payments industry and we look forward to partnering with the GlobalCollect team to build on the company's outstanding leadership position."
Jan Manten, CEO of GlobalCollect, continued: "This strategic move is further testimony to GlobalCollect’s success story over the last 16 years, during which we continuously outperformed market benchmarks. A success based on our unrivalled portfolio of payment methods and full service concept which helps our online merchants to expand their business and increase revenues in turn. We thank General Atlantic for the excellent cooperation and look forward to continuing our strategic growth strategy in collaboration with WCAS.”
About Welsh, Carson, Anderson & Stowe
Welsh, Carson, Anderson & Stowe is the largest and most successful private equity firm focused on two industry sectors: information/business services and healthcare. Established in 1979, WCAS manages total capital of $20 billion. Our strategy is to buy growth businesses in our target industries and build value through both internal growth and acquisitions, resulting in superior returns for our investors. www.welshcarson.com
About GlobalCollect
GlobalCollect is the world's premier Payment Service Provider of local e-payment solutions for international Customer Not-Present (CNP) channels such as internet, mail and telephone orders, and specialized in a wide range of industries such as travel, ticketing, telecommunications, retail, publishing, portals, online gaming, and digital content. While most providers limit their services to a technical link with payment acquirers, GlobalCollect is a full service partner consulting clients on how to increase transaction volumes, expand distribution channels, and reduce costs by streamlining back office processes. Through a single-interface online payment platform, we offer access to an unrivalled portfolio of local and international payment methods in over 200 countries, including all major credit and debit cards, direct debits, bank transfers, real-time bank transfers, eWallets, cash at outlets, prepaid methods, checks, and invoices. www.globalcollect.com
Contacts
GlobalCollect
Bettina Duske
Manager PR & Marketing Communications
e-mail: press.globalcollect@globalcollect.com
Bettina Duske
Manager PR & Marketing Communications
e-mail: press.globalcollect@globalcollect.com
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