Vantiv

 

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Vantiv (formerly Fifth Third Processing Solutions) is one of the leading payment acceptance services companies for businesses in US.

In June 2009, Advent partnered with Fifth Third Bancorp to establish a joint venture from Fifth Third’s merchant acquiring and financials institutions processing business. 

Processing over $292 billion in debit and credit card sales, the business, valued at $2.35 billion at inception, supports 171,000 locations and 11,000 ATMs in 44 states and 11 countries. Its owner, Fifth Third Bancorp, will retain a 49% stake in the business, while Advent is purchasing a 51% interest.

Advent will focus on accelerating the growth of the business through additional investments and leveraging its international infrastructure to expand Vantiv.

 

Contact


Chris Pike

Managing Partner, Advent International Corporation, Boston
T: +1 617 951 9400

John Maldonado

Managing Director, Advent International Corporation, Boston
T: +1 617 951 9400