William Blair acted as financial advisor to Corsair, in connection with its acquisition of Aurora Payments. The transaction closed on December 31, 2021.
Transaction Highlights
- Payments sector expertise: William Blair’s transaction team leveraged its extensive knowledge of the payments industry, specifically the merchant acquiring and integrated payments ecosystem.
- Long-standing sponsor relationship: William Blair has developed a strong relationship with Corsair over many years, most recently advising on the carveout sale of Multi Service Fuel Card from TreviPay, a portfolio company of Corsair, to Shell previously in 2021.
- Trust-based guidance: William Blair successfully advised Corsair’s deal team and Board throughout the process via in-person and virtual diligence sessions, perspectives on a turbulent public market for payments companies, detailed operational benchmarking, and collaboration with third party consultants.
About the Companies
Aurora Payments is a united network of processing, technology, and payment solutions based in Tempe, Arizona, with 22,000 merchants and $10 billion in annual processing. Over the years, Aurora has grown to capture a significant portion of nationwide market-share in various specific industries due to superior solutions, service, and vertical expertise. Aurora’s Client and Partners’ success drives the team to provide the best quality products, customer service, and technical support in the industry. Aurora’s goal is to help businesses of all sizes grow their revenue streams and increase efficiency through secure and compliant payment processing.
Corsair is a global specialist investment firm offering opportunities for investors and solutions for companies across financial & business services and infrastructure. The firm has almost three decades of experience partnering with businesses at the crossroads of technology transformation and financial services complexity and established its complementary infrastructure investment practice in 2015. Corsair has invested $12 billion in capital across its global buyouts and infrastructure platforms since inception.
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