Bestport announces successful sale of Creditcall

[fusion_builder_container hundred_percent="no" equal_height_columns="no" menu_anchor="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" id="" background_color="" background_image="" background_position="center center" background_repeat="no-repeat" fade="no" background_parallax="none" parallax_speed="0.3" video_mp4="" video_webm="" video_ogv="" video_url="" video_aspect_ratio="16:9" video_loop="yes" video_mute="yes" overlay_color="" video_preview_image="" border_size="" border_color="" border_style="solid" padding_top="" padding_bottom="" padding_left="" padding_right=""][fusion_builder_row][fusion_builder_column type="1_1" spacing="yes" center_content="no" link="" target="_self" min_height="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" id="" background_color="" background_image="" background_position="left top" undefined="" background_repeat="no-repeat" hover_type="none" border_size="" border_color="" border_style="solid" border_position="all" padding_top="" padding_right="" padding_bottom="" padding_left="" margin_top="0px" margin_bottom="0px" animation_type="" animation_direction="left" animation_speed="0.3" animation_offset="" last="no"][fusion_text] Press Release Bestport has successfully sold its investment in Creditcall, a payments solutions company, headquartered in Bristol, UK. Creditcall operates in 37 countries, has over 100 employees and a recurring revenue growth rate of 40% p.a. Bestport realised a 4.2x return on its investment. Bestport sourced and led the original MBO and during our ownership Creditcall has expanded internationally most significantly in the USA, trebled the number of employees, and more than tripled its revenues. After a period of investment in its products and solutions, Creditcall has expanded from its core offering of payment functionality in parking, ticketing, transportation and vending industry verticals, and moved into the world of retail and hospitality. In these markets, payment functionality and transactional data capture is increasingly required in an omni-channel format. Creditcall is being acquired by NMI, a leading provider of payments enablement technology. NMI’s acquisition of Creditcall reflects the ongoing growth investment and commitment of NMI’s private equity investors, Francisco Partners and Great Hill Partners. The investment has been led by James Stoddart, Partner at Bestport. James Stoddart, Partner at Bestport and board director at Creditcall, said: “We are very proud of the growth that Creditcall has achieved during our period of ownership. The business has been transformed due to a clear strategy to increase the rate of recurring revenue growth by investing in broadening the product range and hiring an excellent team. Bestport like to partner with management teams and congratulate the Creditcall team on its first class execution and great leadership.” Lars Pedersen, CEO of Creditcall, said “It has been critical to Creditcall’s development to partner with growth-minded investors such as Bestport who have supported high levels of investment in the business and a focused organic growth strategy. The team at Creditcall are extremely excited by the opportunities presented by partnering with NMI. Together our solutions will offer our partners and customers an unrivalled payment experience and accelerate our penetration of the USA market.” In addition to Bestport and FPE Capital, shareholders in Creditcall included Shackleton Ventures as well as members of the management team. Arma Partners and Charles Russell Speechlys advised the shareholders of Creditcall. For further information, please contact: James Stoddart, Bestport +44 (0)7770 750304 +44 (0)2037 526606 [/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

Sophie Blandford | Bestport Private Equity

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So far Sophie Blandford has created 6 blog entries.

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Press Release

Bestport has successfully sold its investment in Creditcall, a payments solutions company, headquartered in Bristol, UK. Creditcall operates in 37 countries, […]

Sophie Blandford2018-03-20T13:00:13+00:00