Deals
Vantiv Buys Mercury Payment From Silver Lake for $1.65 Billion
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Vantiv Inc., a provider of payment-processing services to retailers and financial institutions, agreed to pay $1.65 billion to acquire Mercury Payment Systems Inc.
The purchase will add one to two percentage points to Vantiv’s revenue growth per year, Symmes Township, Ohio-based company said in a statement yesterday. Durango, Colorado-based Mercury, which is majority-owned by Silver Lake Management LLC, will withdraw its filing for an initial public offering, according to the statement.