Corsair Acquires Majority Stake in Aurora Payments
Summary
Corsair will leverage its deep payments expertise to support the Company as it seeks to accelerate organic growth, enhance product and technology offerings, and continue building on a history of successful acquisitions. “ With Corsair’s proven sector expertise, significant resources and relationship-driven approach, we are confident that we will be able to accelerate the growth of our business, further enhance our solutions and go-to-market strategy and support more clients with efficient and effective payment and technology solutions.” “ Aurora has a clear path to value creation through organic and inorganic growth opportunities, entrance into higher-growth sales channels, and investments in new or enhanced products and merchant services,” said Jeremy Schein, Partner at Corsair. The Company’s dedication to solving its customers’ complex business challenges through innovative payments solutions makes it a natural fit within Corsair’s portfolio, and we look forward to working closely with Brian and his team to continue positioning Aurora for sustainable growth and success.” William Blair acted as financial advisor and Simpson Thacher & Bartlett LLP acted as legal advisor to Corsair. The firm has almost three decades of experience partnering with businesses at the crossroads of technology transformation and financial services complexity and established its complementary infrastructure investment practice in 2015. Over the years, Aurora has grown to capture a significant portion of nationwide market-share in various specific industries due to superior solutions, service, and vertical expertise.