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U.S. FinTech firm Blackhawk Network acquires SVM Global

U.S. FinTech firm Blackhawk Network, a global branded payments provider, has announced that the company has completed the acquisition of all SVM divisions including SVM Cards, SVM Payments and SVM Global. Piper Sandler served as financial advisor to SVM on the transaction.

Through the acquisition, Blackhawk Network is expecting to broaden its prepaid and gift card offerings by adding issuance of closed-loop cards and continue to expand its significant incentives and B2B gift card services. SVM’s customers, on the other hand, will benefit from Blackhawk’s omnichannel commerce, digital products and incentive solutions.

“We are continually seeking opportunities to expand our branded payment solutions for our partners and offer additional content and services. Blackhawk is a leader in providing businesses with a vast range of gift card and reward solutions. Combining SVM’s extensive brand relationships, and incentive and B2B clients with our broad network delivers an exciting addition to our offerings. We are thrilled to welcome SVM’s partners to our network,” said Talbott Roche, CEO and president of Blackhawk Network.

“Blackhawk has an impressive global footprint which enables us to access expanded distribution channels, digital gifting, original content and promotion solutions and bolster the offerings our partners can get from a single source. With Blackhawk, we look forward to continuing to grow our existing customer relationships and seeking new ones. Branded payments like gift cards are powerful tools to drive engagement, and ensuring we have the means to deliver them as efficiently as possible helps our company—and our clients’ businesses—to stand apart. The SVM team looks forward to joining the Blackhawk team and continuing to serve our clients,” said Marshall Reavis, founder and CEO of SVM.

Blackhawk Network delivers branded payment programs to help meet challenging business objectives. The FinTech provides its solutions through prepaid products, technologies and network that connects brands and people. The firm was acquired in 2018 by Silver Lake and P2 Capital Partners and is being held as a private company. It has presence in over 26 countries.

Founded in 1997, SVM is a global provider of innovative gift card solutions for businesses. The company’s client portfolio includes oil companies, retail stores, restaurants, service companies and hotels, and prepaid promotional, rewards and disbursement cards.

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