Vantiv (VNTV) to Acquire Litle & Co. in $361M Deal

October 31, 2012 8:42 AM EDT
Vantiv, Inc. (NYSE: VNTV), a leading provider of payment processing services and related technology solutions for merchants and financial institutions of all sizes, announced today that it has signed an agreement to acquire Litle & Co. for $361 million. Litle & Co. is a leading independent eCommerce payment processor, providing a fully-integrated payments solution for companies that sell goods and services to consumers over the internet and through direct response marketing.

The acquisition of Litle & Co. significantly increases Vantiv's capabilities in eCommerce, expands its customer base of online merchants, and enables the delivery of Litle's innovative, best-in-class eCommerce solutions to Vantiv's merchant and financial institution clients. The combined service offering will leverage Vantiv's scale, extensive distribution channels, and support capabilities, to address the evolving payments needs of businesses in multiple channels, and offer merchants a "one-stop" suite of Point-of-Sale, eCommerce and Direct Response payment processing solutions.

Management will provide an additional update during Vantiv's third quarter 2012 financial results conference call on Thursday, November 1, 2012 at 8:00 am ET. The conference call can be accessed live over the phone by dialing (877) 941-1427, or for international callers (480) 629-9664. A replay will be available approximately two hours after the call concludes, and can be accessed by dialing (877) 870-5176, or for international callers (858) 384-5517, and entering the conference ID 4567381. The replay will be available through Thursday, November 8, 2012. A live webcast of the conference call, along with presentation slides, will be available on Vantiv's investor relations website at

The transaction is expected to close in late 2012, pending regulatory approvals and customary closing conditions. Upon completion, Litle & Co. will become a subsidiary of Vantiv, LLC and will maintain its location in Lowell, Massachusetts. Vantiv is headquartered in Cincinnati, Ohio.

J.P. Morgan and Ulmer & Berne acted as financial advisor and legal counsel, respectively to Vantiv, Inc. William Blair & Company and WilmerHale acted as financial advisor and legal counsel, respectively to Litle & Co.

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