Thursday, June 12, 2014

Mercury Payment Systems Withdraws S-1 After Acquisition

In a not-unexpected move, Durango, Colorado-based payment systems provider Mercury Payment Systems withdrew its S-1 IPO filing this week, as expected after the company was acquired by a private equity buyer. Mercury is being acquired by Vantiv in a deal worth $1.65 billion. That deal was announced in May. It's not unusual for companies to file for an IPO but instead opt for an acquisition. Mercury had been owned by private equity investor Silver Lake.