Calera Capital, a leading middle-market private equity firm, announced today that it has acquired a stake in Transaction Services Group Limited (TSG), a global payment solutions provider. Murray Bolton, TSG’s Chairman, and senior management will retain a significant equity stake in the business.
TSG is the leading full service outsourced provider of highly differentiated solutions and technology that enable businesses to efficiently accept recurring payments from customers. TSG’s broad solution set provides clients with payment processing, customer service, credit control, debt collection, data analytics, and reporting services. The Company is headquartered in Auckland, New Zealand and has operations across Australasia, Europe, and North America. TSG operates under multiple brands, including Debitsuccess, PaySmart, DFC, and Harlands Group.
Paul Walsh of Calera Capital said, “Calera has built a relationship with Murray Bolton and TSG management over multiple years and is excited to be formalizing our partnership. TSG provides an unparalleled level of service to its clients, and we look forward to investing behind the platform to support the multi-faceted needs of our clients.” Mr. Walsh brings substantial experience in transaction processing, having previously served as CEO of several successful companies in the industry, including eFunds, Wright Express, and Diners Club Germany.