Lynk Systems, a provider of financial transaction services that was funded by several venture capital firms, is being sold to the Royal Bank of Scotland Group for $525 million.
The company is owned by its some 950 employees and the VC firms. Among the investors were Sutter Hill Ventures, Cordova Ventures, Technology Crossover, according to Venture Wire, which says the VCs invested “less than $20 million”.
The Royal Bank of Scotland Group is one of the world’s largest financial institutions.
Lynk will operate as Lynk RBS.
Financial Technology Partners and FTP Securities acted as the strategic and financial advisor to Lynk in this transaction. Atlanta based Arnall Golden & Gregory was Lynk’s legal advisor.
Lynk services 100,000 merchants and processes $18 billion in chare transactions.