Versailles Group represented PayTrue Solutions, a payment media software company with offices in Uruguay and Brazil, in its sale to EFT Group S.A., a transaction processing services company headquartered in Santiago, Chile.
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BOSTON, May 28, 2013 -- Versailles Group, Ltd. (www.versaillesgroup.com) is pleased to announce that PayTrue Solutions (www.paytrue.com), with offices in Uruguay and Brazil, has been acquired by EFT Group S.A. (www.eftgroup.net). Versailles Group acted as exclusive financial advisor to PayTrue. Terms were not disclosed.
Versailles Group, a 26-year-old Boston-based investment bank that specializes in international mergers, acquisitions, and divestitures, advised PayTrue’s shareholders on the transaction. Versailles Group works with companies in the U.S., Europe, Canada, Asia, and South America. The Versailles Group team was led by Donald Grava, Versailles Group’s Founder and President.
Founded in 2003, PayTrue offers a complete suite of solutions to address the various needs of the payment media industry. PayTrue’s operations focus on debit, credit, and prepaid cards, authorization of transactions, international brands, risk analysis, and fraud detection. PayTrue also provides professional services that complement its many solutions.
"PayTrue is a fascinating business in a rapidly-growing market, and it required a unique approach by Versailles Group to facilitate its successful sale" said Donald Grava, Versailles Group's Founder and President. "The acquisition of PayTrue has fulfilled the shareholders’ desire for a liquidity event, and provides EFT Group with an enormous opportunity to expand its South American operations. We are delighted to have exceeded our client’s expectations and look forward to watching EFT and PayTrue prosper."
EFT Group provides electronic transaction processing services for the finance and retail industries. EFT also offers business process outsourcing, infrastructure management, help desk, data center, maintenance, and integration services. EFT Group was founded in 1995 and is based in Santiago, Chile.
About Versailles Group, Ltd.
Versailles Group, Ltd. is a Boston-based investment bank that specializes in international mergers, acquisitions, and divestitures. It provides its clients with a high level of personal attention, international experience, and professional execution. Since 1987, Versailles Group's skill, flexibility, and experience have enabled it to successfully close transactions, both domestically and internationally, in all economic environments. More information on Versailles Group can be found on its website, www.versaillesgroup.com.
Contact: Donald Grava
Media Contact: Donald Grava, Versailles Group, Ltd.
