|June 21, 2016 – Chicago, IL – LaSalle Capital is pleased to announce that it has partnered with management to recapitalize Processing.com, LLC (“Processing.com” or the “Company”). Processing.com, based in Los Angeles, CA, is a leading payment services provider (“PSP”) focused on providing e-commerce merchants payment processing solutions and services that allow for the acceptance of online payments in multiple currencies around the globe. Processing.com connects its customers through the Company’s proprietary payment processing platform to an extensive network of bank partners. In addition, the Company deploys industry-leading security and fraud analytics as well as real-time reporting tools. Processing.com represents LaSalle Capital’s ninth platform investment out of its second fund.
Avi Chesed, CEO of Processing.com, stated, “We are very excited to partner with LaSalle Capital in the next stage of growth of our business. We believe that LaSalle’s expertise in helping to build technology-enabled services companies coupled with our existing strategy will enable the Company to expand its global footprint and accelerate growth.” Jon Avganim, President of Processing.com, continued, “We are excited about what the partnership with LaSalle means for our customers as it will allow us to further invest in our technology-driven solutions for merchants, independent sales organizations (“ISOs”), and acquiring banks.”
Nick Christopher, Partner at LaSalle Capital, commented, “The management team has built a scalable and innovative payments platform with superior service, reliability and security. We look forward to working with management to continue the growth of the Company as a leader in the payments industry.”
If you have questions regarding this transaction or would like to discuss other technology-enabled services opportunities, please contact Nick Christopher or Ryan Anthony of LaSalle Capital at (312) 236-7041.
About LaSalle Capital
LaSalle Capital is a leading private equity firm with extensive experience in the lower middle market. We currently manage two funds totaling over $330 million in capital. Our team has deep experience in partnering with management teams to grow and develop middle market businesses. We add value to companies by providing a strategic operating focus and promoting growth organically and through acquisitions.