Press Release February 26, 2020

Great Hill Partners Acquires VersaPay Corporation

Alston & Bird client Great Hill Partners, a leading private equity firm, has acquired FinTech company VersaPay Corporation in a transaction valued roughly at CA$126 million (US$95.5 million).

Under the arrangement, Great Hill has acquired all the issued and outstanding common shares of VersaPay by way of a statutory plan of arrangement under the Canada Business Corporations Act.

Based in Toronto and listed on the Toronto Stock Exchange, VersaPay provides a suite of cloud-based FinTech services, including a platform that facilitates payments and enables customers to view invoices online. It was founded in 2006 and has been named a leading vendor by International Data Corporation and recognized as one of Canada’s top 20 most innovative companies by the Canadian Innovation Exchange.

Great Hill is a Boston private equity firm that invests in high-growth companies in financial technology and other sectors, including consumer, digital infrastructure, health care, and software. Over the past two decades, Great Hill has raised nearly $8 billion of commitments and invested in more than 75 companies.

Advising Great Hill as U.S. counsel is an Alston & Bird team led by partner Chris Baugher and associate Elliot Watts (Payment Systems); partners Justin Howard and Scott Kitchens (Mergers & Acquisitions); partners George Taulbee and Maki DePalo and associate Adria Moshe (Intellectual Property); senior associate Ian Calhoun and associate John Hobgood (Financial Services & Products); partner Scott Harty and associate Seth Buchwald (Federal & International Tax); and counsel Hemant Piduru (Real Estate Finance & Investment).
Media Contact
Alex Wolfe
Communications Director

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