Advent acquires revenue management firm TSG
Calera Capital (Calera) is selling one of its portfolio firms, global payment solutions provider Transaction Services Group (TSG) to Advent International (Advent), for an undisclosed amount.
Calera Capital
“TSG targets highly attractive, fast growing end markets including health and fitness and childcare,” added Tyler Dewing, a managing director at Harris Williams, an investment bank specialised in M&A advising on the sale.
TSG is a revenue management solutions company that provides business management software, integrated payments and value-added services to clients around the globe. TSG offers highly differentiated, targeted solutions to a range of industries.
These solutions are organized around numerous platforms including Clubware, Links Modular Solutions, QK Technologies, Debitsuccess, Paysmart, DFC and Harlands Group, operating across Australasia, the United States, the United Kingdom, Europe and Asia.
Founded in 1991, Calera is a private investment firm which has invested over $3.5 billion, with offices in Boston and San Francisco. Calera makes substantial equity investments in middle market businesses and works closely in support of management to build long-term sustainable value through the implementation of strategic and operating initiatives.
Founded in 1984, Advent is a large global private equity investor.
