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Recent Cases Sep 21, 2021

PayFacto announces Equity Investment by Flexpoint Ford and BMO Capital Partners

PayFacto Payments Inc. (“PayFacto”) a leading provider of payment solutions and point-of-sale technologies, has recently announced an equity investment of up to C$150 million led by private equity firm Flexpoint Ford with participation from BMO Capital Partners.

PayFacto, one of Canada’s largest non-bank payment processors, is a leading provider of payment processing technologies and hospitality technology solutions.  The growth equity investment will be used to finance PayFacto’s significant expansion in the U.S. market in addition to accelerating its growth strategy and further enhancing PayFacto’s suite of payment products, launching its new cloud-based point-of-sale system, and funding future acquisitions.

Flexpoint Ford is a US-based private equity investment firm and specializes in privately negotiated investments in the financial services and healthcare industries.

BCF is proud to have represented PayFacto in this investment with a team led by Julie Doré and Karen Aguilar and composed of Pierre Allard, Mehrez Houacine and Jean-François Reed (Tax), Martin Sills and Eleonora Eusepi (Financing), Philippe Hébert, Jean-Pierre Katcho, Béatrice Cosgrove, James C. Tremblay and Camille Rivard (Mergers & Acquisitions/Commercial), Kevin Vincelette (Labour) and Josée Lacroix and Emilia Stoute (Corporate).

Click here for the press release.

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