- Boustead & Co Limited
$30,000,000 Summit Partners recapitalized E-Commerce Exchange
Updated: Feb 28, 2020
E-Commerce Exchange (“ECX”), since its founding in 1989, has grown to be one of the largest independently owned providers of merchant account and transaction services to small and medium-sized online merchants. ECX has a strong management team that had demonstrated the success and profitability of its business model. ECX has a strong management team that had demonstrated the success and profitability of its business model. ECX engaged the Principals of Tellson to identify a partner to assist ECX in achieving corporate growth and in maximizing shareholder value. The Principals of Tellson completed the assignment by arranging a leveraged recapitalization of ECX.
Summit Partners, a $3 billion Venture Capital Fund, proved to be an ideal partner for ECX. Summit’s fund is dedicated to investing in profitable, rapidly growing companies that have market or technology leadership potential. The Recapitalization provided liquidity to the founding shareholders of ECX as well as providing the capital resources necessary to ensure the future growth of ECX.