NetSpend Corp.

NetSpend Corp.

NetSpend Corp.

Overview
Headquarters

701 Brazos Street,Austin, TX 78701-3539

Type of Company

Private

Industries

Retail & Commercial Banking
Consumer Finance

Company Description

NetSpend Corp. provides prepaid and debit cards processing and marketing services. The firm provides commercial payroll card solutions and offers all employees a direct deposit option associated with paper checks for employees and employers. The company was founded by Bertrand Sosa and Rogelio Sosa in 1999 and is headquartered in Austin, TX.

In The News
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Executives & Employees

President

Senior Vice President & Partner

Head of Corporate Strategy & Development

Executive Vice President, Direct Channel

Senior Vice President-Retail Channel

Senior Vice President, Corporate Communications & Chief Customer Officer

Senior Vice President-Operations

Senior Vice President-Information Technology

Senior Vice President-Direct

Senior Vice President, Commercial Prepaid

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Board of Directors

President-Elect & Director at The Electronic Transactions Association

Operating Partner at JLL Partners, Inc.

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NetSpend Corp.
Recent Transactions
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Capital One Financial Corporation, NetSpend Corp. purchase Skylight Financial, Inc. from JLL Partners, Inc.

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Capital One Financial Corporation purchases NetSpend Corp. from Oak Investment Partners

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Oak Investment Partners, Gefinor Ventures Management LLC, IA Capital Group purchase NetSpend Corp.

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Transaction Advisors
Legal Advisor

Advised onCapital One Financial Corporation, NetSpend Corp. purchase Skylight Financial, Inc. from JLL Partners, Inc.

Investment Advisor

Advised onCapital One Financial Corporation, NetSpend Corp. purchase Skylight Financial, Inc. from JLL Partners, Inc.

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Investors
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Oak HC/FT is a premier venture growth equity fund investing in Healthcare Information & Services (“HC”) and Financial Services Technology (“FT”).

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TGF Management Corp. specializes in MBOs and recapitalizations of middle-market companies located in the Southwestern US. The firm focuses on a variety of sectors including manufacturing, distribution, construction-related, industrial services, outsourced business services and food & consumer products. They do not invest in oil & gas exploration or production, real estate or companies with significant technology risk. TGF looks for companies with revenues of $50 million to $250 million and EBITDA of $5 million to $25 million. Companies should have an attractive market share in a stable or growing market niche and the potential for meaningful growth. Investments typically range from $25 million to $250 million. Most of TGF's transactions involve family business owners seeking a transition or large companies seeking to divest a part of their operations.

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Gefinor Ventures Management (GVM) invests in early-stage start-up companies in the information technology, communications, semiconductors, nanotechnology and software/services sectors. They also invest in early-stage start-up medical device and health/fitness companies. GVM looks for companies with innovative products and services that are based on new technologies, business models, distribution systems or other disruptive elements. The firm focuses on investment opportunities in Texas and Colorado. They also selectively consider investments in companies in California, New York and the Washington, DC area.GVM invests in companies that are seeking financing for Series A, B, or C rounds. They do consider seed or later-stage investments on a case-by-case basis. Typical initial investments range from $1 million to $2 million and up to $3 million to $4 million over subsequent rounds. The firm prefers to lead or participate in a syndicate with several venture capital funds.

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