Repay Holdings Corporation (NasdaqCM:RPAY) signed a definitive agreement to acquire Electronic Payment Providers, Inc. from PCP Managers, L.P. and others for approximately $490 million on May 7, 2021. The aggregate consideration consists of approximately $275 million in cash and 10,051,302 shares of REPAY’s Class A common stock. The effective purchase price is approximately $483 million, net of the tax asset (approximately $20 million of estimated tax benefit). The acquisition will be financed with approximately $275 million in cash from REPAY’s balance sheet. PCP Managers, Electronic Payment Providers’ majority owner, will own approximately 10% of REPAY’s outstanding shares of common stock following the closing of the transaction. The consideration shares will be subject to a lock up of 180-day period following the closing. The transaction is subject to the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1975, as amended and certain other customary closing conditions. The board of directors of REPAY unanimously approved the transaction. The board of directors of Electronic Payment Providers also approved the transaction. The transaction is expected to close by the end of the second quarter of 2021. The transaction is immediately EPS accretive upon closing. Credit Suisse Group AG (SWX:CSGN) acted as exclusive financial advisor and Brendan J. Thomas, David Ghegan, Heather Ducat, Robert Friedman, Jeff Banish, Jim Schutz and Ashley Hager of Troutman Pepper Hamilton Sanders LLP served as legal advisors to REPAY. Financial Technology Partners LP served as exclusive financial advisor and Jeffrey Seifman, Shelly M. Hirschtritt, and Katherine M. Bryan of Kirkland & Ellis LLP served as legal advisors to Electronic Payment Providers and PCP Managers. Repay Holdings Corporation (NasdaqCM:RPAY) completed the acquisition of Electronic Payment Providers, Inc. from PCP Managers, L.P. and others on June 15, 2021. The transaction was approved by lenders of Repay Holdings Corporation. The consideration was adjusted with $278.3 million cash payment and approximately 10 million shares payable. Repay Holdings acquired $8.2 million cash of Electronic Payment Providers.