Longshore Capital Partners, in conjunction with LaSalle Capital, has sold NGC to Blackhawk Network
Headquartered in Crystal Lake, Illinois, NGC is a leading provider of technology-enabled prepaid card solutions. The company is the largest branded payments platform in both the United States and Canada, offering digital and physical closed loop and open loop products and serving as a one-stop-shop for clients’ loyalty, rewards, employee engagement, incentive and fundraising programs.
Adam Van Witzenburg, Chief Executive Officer of NGC, commented, “I was truly impressed by Lincoln’s ability to convey our passion for the business and the company’s unique value proposition. Lincoln demonstrated a deep understanding of NGC’s business model and did an excellent job articulating our compelling story to the market.” He added, “As an official part of the Blackhawk team, we are excited to expand upon the continued growth of NGC, Blackhawk and the prepaid card industry, and we are eager to drive further value for both NGC’s and Blackhawk’s clients.”
Lincoln acted as the exclusive financial advisor to NGC, working closely with the NGC Board and management throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction. Terms of the transaction were not disclosed.
Lincoln served as a true strategic advisor to us throughout the process. We were impressed by Lincoln’s extensive industry knowledge and strong relationships with prospective acquirers that were invaluable assets in helping drive a superior outcome.
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