TransFirst, which provides electronic payment processing to small and medium-sized businesses, withdrew its plans for an initial public offering on Wednesday.
TransFirst originally filed for an IPO in late July that could have raised $200 million or more. The company, which had been in a dual track process, announced that it would be acquired by Vista Equity for $1.5 billion in mid-October, a high point of market volatility.
Based in Hauppauge, NY and founded in 2007, TransFirst had booked $1.1 billion in sales for the 12 months ended June 30, 2014. The company had not selected a ticker nor an exchange. BofA Merrill Lynch, Goldman Sachs, J.P. Morgan and Deutsche Bank were listed as joint bookrunners on the deal.
The article Merchant acquirer TransFirst officially withdraws IPO after Vista Equity acquisition originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
