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April 10, 2021TransactionWatch

TransactionWatch – Week of April 5th – April 9th

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M&A activity makes headway this past week with the acquisitions of several notable fintech providers. First off, GreenBox POS has announced the final terms of its acquisition of ChargeSavvy, a point-of-sale (POS) provider that has facilitated over $2 billion in payments. The final price for the all-stock acquisition was valued at $12 million and will enable GreenBox POS to rapidly expand their footprint in retail as well as other key market verticals. Separately, EML Payments has announced their intention to acquire Sentenial Group for an upfront enterprise value of approximately $83 million, with a potential earnout of up to $47.5 million. The combined group will process more than $68 billion in gross debit volume, primarily in the European and Australian regions. The deal is expected to close by the end of 2021.

In other M&A news, i3 Verticals announced this week their acquisitions of two undisclosed software companies focused on the healthcare vertical. The total cash consideration paid at closing for the two deals was valued at $17.4 million. I3 Verticals will discuss these acquisitions in further detail during their upcoming conference call in May.

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