Tech Company M&A Transactions
Clearent Acquisition
Clearent was acquired by Advent International. The transaction was announced on 3/30/2018. No transaction price was announced.
Transaction Overview
Company Name
Acquired By
Announced On
3/30/2018
Transaction Type
M&A
Amount
Unknown
M&A Terms
Clearent's first institutional investor, FTV Capital, invested alongside Advent; other existing investors and senior management of both companies have also rolled a meaningful minority stake. Financial terms of the transaction were not disclosed.
Company Information
Company Status
Acquired or Merged
Industry
FinTech
Mailing Address
11330 Olive Blvd. 200
Creve Coeur, MO 63141
USA
Creve Coeur, MO 63141
USA
Phone
Website
Email Address
Overview
Clearent stands apart from other credit card payment processing services with unparalleled online reporting, free PCI compliance & 24/7 customer service. After being acquired by Advent International, Clearent merged with TSG. The company now operates as Xplor.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Daniel Geraty
Chief Executive Officer
Pamela Joseph
Chief Operating Officer
Jeffrey Zimmerman
Chief Technical Officer
Mark Sundt
VP - Human Resources
Melinda Vedder
VP - Sales
Kevin Haar
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Where The Data Comes From
We report on every notable VC transaction. VC investment data records reported here come from a variety of public sources. The data is sourced from VentureDeal.com, an affiliated venture.
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