Transaction Overview
- Represented Ready Credit Corporation (“RCC” or “the Company”) in the sale to Clarion Capital Partners.
- RCC is a fintech leader providing payment solutions that support the ecosystems of cashless operations.
- The Company offers innovative software and hardware solutions and supporting services for clients across a wide variety of end-markets.
- The Company’s subscription solutions allow blue chip businesses to operate cashless and significantly reduce annual operating expenses related to cash.
Drivers of Interest
- Subscription-based model and multiple cash-to-card process patents enabled first mover advantages.
- Market leadership position in several end markets including all major airlines, professional and collegiate stadiums, lodging, theatres, theme parks, health care facilities, and restaurants.
- Impactful client value propositions optimize employee productivity, create operational efficiencies, increase revenue and improve the guest and consumer experience.
- Strong financial performance with exceptional EBITDA margins and robust growth momentum.
- Growing installed base coupled with large customer pipeline.
- Massive growth opportunities through new customer end markets and geographic expansion.
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