Kirkland & Ellis advised GTCR, a leading private equity firm, and its portfolio company Paya, a leading integrated payments and commerce solution provider, on Paya’s combination with FinTech Acquisition Corp. III (NASDAQ: FTAC) (“FinTech III”), a special purpose acquisition company. Upon closing of the transaction, the combined company will operate as Paya with an implied enterprise value of approximately $1.3 billion. GTCR will remain the company’s largest stockholder. The merger is expected to close in the fourth quarter, pending FinTech III stockholder and regulatory approval.
The Kirkland team was led by transactional partners Mark Fennell and Christopher Thomas; capital markets partners Christian Nagler, Robert Goedert and Kevin Frank; and transactional associate Andrew Struckmeyer.