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GTCR to sell TransFirst to Welsh, Carson, Anderson & Stowe for $683m16/05/2007. Source: AltAssets. 
 Chicago-based private equity firm GTCR Golder Rauner has agreed to sell TransFirst, a provider of transaction processing services and payment enabling technologies, to Welsh, Carson, Anderson & Stowe for $683m.
TransFirst currently processes approximately $25bn in annual sales volume for more than 155,000 merchants and 965 financial institutions. Originally founded as ACS Merchant Services in 1995, GTCR partnered with TransFirst CEO Thomas Rouse to re-capitalise the company in 2000.
GTCR currently manages approximately $8bn of equity capital invested in a range of industry sectors.
Welsh, Carson is currently investing over $4.7bn of capital from an equity fund, Welsh, Carson, Anderson & Stowe X, and WCAS Capital Partners IV, a dedicated subordinated debt fund. Welsh, Carson focuses on two industry sectors: information and business services, and healthcare.
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