Atlanta -- Paul Hastings LLP, a leading global law firm, served as regulatory and payments transactional counsel to GTCR, a leading private equity firm, in a carve-out transaction to acquire Sage Payment Solutions, Inc. (SPS) from The Sage Group plc for $260 million. SPS provides credit card, ACH, check, gift and loyalty card processing services to small and medium-sized businesses in North America. The transaction is expected to close in the third quarter of 2017, and is subject to receipt of customary regulatory approvals and other consents.
Chris Daniel led the Paul Hastings team, which also included partners Meagan Olsen and Jane Song, and associates Diane Holden, Stan Kalminsky, Heena Merchant, Lauren Kelly Greenbacker, Kelsey Sullivan and Mary Elizabeth Hadley.
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