We’re excited to announce that TSG has now entered into a definitive merger agreement with Clearent, a full-service, integrated payment solutions provider based in the United States.
“This is a highly complementary combination of applications and platforms that are well-positioned to empower businesses that operate in ‘everyday life’ verticals, which are growing rapidly because they are so important to consumers around the world” said Floris de Kort, CEO of TSG. “This transaction will enable us to better leverage the advantages of our global breadth with our hyper-local expertise. We will invest in and commercialize our product innovations more effectively, such as our suite of mobile apps, so that we can continue to help our clients eliminate friction and deliver better experiences to their consumers and small businesses.”
Click to read more about how Advent International’s two portfolio companies will combine and work together to continue serving over 82,000 businesses that processed over $27 billion in payments, operating across 158 countries in 2020.