Global Payments initially purchased AdvancedMD in 2018 for $700 million, marking a successful growth phase under its ownership. CEO Cameron Bready announced that the sale includes a long-term commercial partnership, which will enable continued collaboration to provide advanced payment and commerce solutions to AdvancedMD’s clients.
Francisco Partners Buys AdvancedMD : Advisors and Legal Counsel Behind the Deal
Global Payments’ advisory team is led by Wachtell Lipton Rosen & Katz, with Bank of America serving as its exclusive financial adviser. Wachtell’s team for the transaction includes corporate partners Jacob A. Kling and Meng Lu, as well as partners specializing in executive compensation, antitrust, tax, and finance.
The Kirkland & Ellis team representing Francisco Partners comprises corporate partners Michele Cumpston and Sean Kramer, alongside technology, intellectual property, and debt finance experts.
This acquisition of AdvancedMD underscores Francisco Partners’ strategy to strengthen its foothold in the technology and healthcare sectors, leveraging the AdvancedMD platform for future growth.
