Goodwin Guides Bregal Sagemount’s Investment in PayArc

Goodwin Procter said it advised Bregal Sagemount on the New York-based private equity firm’s investment in PayArc, a provider of payment technology to merchants of all sizes.

No financial details where disclosed for the transaction.

Greenwich, Connecticut-based PayArc processes over $3 billion in omnichannel payments volume annually, for a growing base of more than 10,000 merchants to date. It has grown over 100% in each of the last four years, the company said in a statement.

PayArc said it will use the financing from Bregal Sagemount to invest in new sales and marketing channels, target strategic acquisitions, and to expand ...