First American Payment Systems, L.P. Announces Partnership with Lindsay Goldberg & Bessemer L.P.Business Editors FORT WORTH, Texas--(BUSINESS WIRE)--April 16, 2003 First American First American may refer to:
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of to secure significant private equity funding Equity funding An investment consisting of a life insurance policy and a mutual fund. The insurance policy is paid by the collateral value of fund shares, giving the investor the advantages of insurance protection with the growth potential of a mutual fund. . The partnership will support First American's strategic initiatives for growth. "Partnering with Lindsay Goldberg & Bessemer will give us the opportunity to accelerate our phenomenal growth through significant acquisitions within the electronic transactions processing industry," said Neil L. Randel, President and Chief Executive Officer of First American. Lindsay Goldberg & Bessemer is a private equity investment firm with over $2 billion of capital that focuses on helping to facilitate growth and build long-term value in businesses. "Lindsay Goldberg & Bessemer has invested a significant amount of equity in First American to acquire shares from existing shareholders and to provide capital to fund future acquisitions as well as ongoing organic growth initiatives," said Adam Godfrey, Partner, Lindsay Goldberg & Bessemer. "We look forward to this mutually beneficial Adj. 1. mutually beneficial - mutually dependent interdependent, mutualist dependent - relying on or requiring a person or thing for support, supply, or what is needed; "dependent children"; "dependent on moisture" long-term partnership with First American." "We feel it is important that our investors have the same philosophical approach as we do, and that resounds at Lindsay Goldberg & Bessemer. In addition, they have previous investment experience in the electronic transactions industry, which is one of many reasons that partnering with them is a great fit for First American," Randel said. Conifer conifer (kŏn`ĭfûr) [Lat.,=cone-bearing], tree or shrub of the order Coniferales, e.g., the pine, monkey-puzzle tree, cypress, and sequoia. Most conifers bear cones and most are evergreens, though a few, such as the larch, are deciduous. Investments, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control of Portland, Ore. served as advisor to First American on the transaction with Lindsay Goldberg & Bessemer. About First American Payment Systems, L.P. First American Payment Systems, L.P. provides full-service electronic credit card authorization and payment systems to retail, restaurant, mail order, telephone order, Internet and home-based merchants throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . First American's divisions include national ATM deployment, Secur-Chex(R) check processing services, FirstPay.Net(TM) e-commerce payment gateway, and Merimac Capital(R) point-of-sale equipment and ATM leasing. First American provides services for more than 30,000 merchants and approximately 1,000 ATMs nationally. For more information, visit www.first-american.net. About Lindsay Goldberg & Bessemer L.P. Lindsay Goldberg & Bessemer is a private equity investment fund based in New York with over $2 billion of committed capital. Lindsay Goldberg & Bessemer seeks to acquire well-managed businesses across a wide range of industries and focuses on building long-term value by partnering with management teams to aggressively pursue growth strategies. Lindsay Goldberg & Bessemer focuses primarily on businesses located in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. in industries such as basic manufacturing, commodity-based manufacturing, financial services and healthcare as well as selected businesses in Western Europe. For further information, visit www.lgblp.com. About Conifer Investments, LLC Conifer Investments is an investment banking firm that provides corporate finance and M&A advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal to clients throughout the United States. Conifer Investments is a member of the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. . For more information, visit www.coniferinvest.com. |
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