September 17, 2013: New York-based private equity firm, Bregal Sagemount has invested in Network Merchants, LLC (NMI), an e-commerce solutions provider based in Roselle, Illinois. The investment valued NMI at approximately $200 million. NMI offers wide range of gateway and security features, distributed through a channel of over 400 affiliate partners, serving over 60,000 merchants worldwide. The investment will support NMI’s offerings and expand its market share. Jim McKenzie, chief executive management and co-founder along with the current management team will continue to operate the company.
Separately, on September 11th, Bregal Sagemount along with management team acquired NETRADA North America, an end-to-end e-commerce solutions provider from NETRADA Holding.