Deloitte Advises ArcaTech on Cross-Border Buy
Deloitte Corporate Finance acted as the financial advisor to ArcaTech Systems on its acquisition of CTS Electronics S.p.A. and five related entities. Deloitte UK’s Debt Advisory Group assisted in securing senior financing for the transaction.
The combined company will provide banking and retail clients around the world with customer-driven solutions for their cash and payment automation needs. Deloitte acted as exclusive advisor to ARCA in successfully obtaining financing for the transaction from Falcon Investment Advisors and Prudential Capital Group.
“For the past 12 years, we have worked hand-in-hand with CTS, bringing their transformative technology to our customers throughout North America,” said Mort O’Sullivan, ARCA’s founder and CEO. “This acquisition combines CTS Group’s proven engineering and R&D capabilities with ARCA’s strong customer commitment, enabling us to respond faster to market changes while developing products and services to better meet customer needs. Deloitte helped make this deal happen by providing access to capital providers and critical support for ARCA’s partner selection process.”
“As the global economy embraces new payment technologies, it is imperative for financial institutions and retailers to improve efficiencies in automation and technological advancement in handling cash. Deloitte helped ARCA secure lenders that understood the key industry trends and leveraged our global network to assist ARCA as it capitalized on this strategic acquisition,” said John Deering, managing director, Deloitte Corporate Finance.
“We are seeing increased M&A activity in Europe driven by growing lender liquidity in the market. We expect this trend to continue, benefiting growth-oriented companies, such as ARCA,” said Phil Colaco, managing director, Deloitte Corporate Finance LLC.
ARCA automates financial transactions in bank branches, retail stores and self-service kiosks.
Ivrea, Italy-based CTS Group is a global manufacturer and distributor of automated devices.
Prudential Capital Group is a provider of private debt, mezzanine and equity capital for more than 70 years.
Mebane, NC-headquartered ARCA is a global provider of cash automation and payment technologies.