Hg- and TA-backed Access acquires Eazy Collect

The acquisition is intended to complement the product range of direct debit processing firm Rapidata, which Access bolted on in November 2018.

Hg invested in business software company Access, which was already a TA Associates portfolio company, in an April 2018 deal valuing the company at £1bn. The two GPs each own equal stakes and the management team has a minority share.

Hg is invested in the company via Hg 8. This is Eazy Collect's eighth acquisition since the start of Hg's holding period.

Company
Eazy Collect is an FCA-regulated payment service firm that provides a debit and card-processing platform for SMEs, not-for-profits, corporates and the public sector. Founded in 2002, it has approximately 800 customers including Arriva, Midlands Air Ambulance and IHG Hotels. The company is based in Cheltenham and employs 12 people.

People
The Access Group – Chris Bayne (CEO).
Eazy Collect – Andy Stalsberg (CEO).

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