Ga. Payment Processor Makes $413M Buy Of Utah Co.

Law360, New York (August 15, 2012, 4:56 PM EDT) -- Georgia electronic payment processor Global Payments Inc. has reached an agreement to buy a Utah-based merchant payment service provider from Boston private equity firm Great Hill Partners for $413 million, Global Payments said Wednesday.

Global Payments will acquire Pleasant Grove, Utah-based Accelerated Payment Technologies Inc. from Great Hill in an all-cash transaction. The deal is expected to close in the second quarter of Global Payments' 2013 fiscal year, which would be sometime between September and November.

Additional financial details of the transaction, including Great Hill's expected...
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