AB Private Credit Investors™ ("AB-PCI") recently closed a unitranche credit facility to support Francisco Partners' investment in NMI. AB-PCI quickly and efficiently provided a commitment by utilizing its expertise in underwriting software and payments businesses.
NMI provides payments enablement technology that empowers ISOs, VARs, ISVs and payment facilitators to offer branded payment gateway services without building or maintaining their own technology. NMI serves over 1,000 affiliates and 100,000 merchants.
About Company: Francisco Partners is a leading global private equity firm, which specializes in investments in technology businesses. Since its launch over 17 years ago, Francisco Partners has raised over $10 billion in capital and invested in more than 200 technology companies, making it one of the most active and longstanding investors in the technology industry. The firm invests in opportunities where its deep knowledge and operational expertise can help companies realize their full potential.
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This announcement is not a recommendation of, or offer to buy or sell any security or financial instrument.