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December 18, 2019

Lovell Minnick invests in Fortis Payment Systems

Private equity firm Lovell Minnick Partners has made an investment in payments technology and merchant services company Fortis Payment Systems.

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The companies did not divulge the financial details of the investment.

Founded in 2010, Fortis Payment delivers payment technology and processing services to merchants and developers in North America.

The company offers Zeamster payments platform to support integrated commerce experiences for point-of-sale software and ERP providers. It also offers payments and financial technology solutions for businesses.

Fortis caters to numerous developers, software providers, channel partners and merchants. It operates across retail, medical, hospitality, restaurant and grocery industries, among others.

Lovell Minnick partner Trevor Rich said: “Fortis has developed a highly configurable, powerful payments platform with industry-leading technical and security capabilities, supported by superior high touch service.

“We look forward to supporting CEO Jimmy Nafso and his highly talented team to identify new solutions and channel partners.”

Nafso said: “With Lovell Minnick’s support we will be able to accelerate Fortis’ expansion into additional markets and continue innovating best-in-class payments solutions that meet the evolving needs of our customers.

“With Lovell Minnick as our new partner, our clients should remain assured that we will continue to provide ‘white glove’ customer service and innovative technology, which have been core to our value proposition since inception.”

Rich and Greg Cohen from Lovell Minnick will be appointed to Fortis Payment’s board.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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