Dechert Advises Lovell Minnick Partners on Majority Investment in Fintech Firm Merchant Industry

Dechert advised funds managed by Lovell Minnick Partners (LMP), a private equity firm focused on financial services, business services and fintech, on acquiring a majority stake in Merchant Industry, LLC (MI), a New York-based provider of payment processing solutions for small and medium-sized businesses.

The investment will support MI's growth and expansion in the merchant acquiring space. With LMP's backing, MI will transition to a new leadership team, while its founders retain a significant minority stake ensuring continuity and strategic alignment as the company enters its next phase.

Founded in 2007, MI has earned a strong reputation for delivering tailored payment solutions through proprietary technology and a nationwide network of independent sales agents. LMP's investment positions the company to scale its platform and enhance its service offering to merchants across the U.S.

The core Dechert team that advised LMP included corporate partners Brian C. Miner and Stephanie L. Haas and associate Quinn Wetherall. The broader team included corporate associates Anjanaye Jariwala, Rodrigo Rivera and Sam Levinson; global finance partner Alon Goldberger; tax partner Joshua Milgrim and associate Abigail Hopper; employee benefits partner Kevin Kay and associate Tabitha Crosier; and antitrust counsels Beverly Ang and William Kearney.

About Dechert

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For more than 150 years, we have advised clients on critical issues - from high-stakes litigation to first-in-market transaction structures and complex regulatory matters. Our nearly 1,000 lawyers in commercial centers worldwide are immersed in the key sectors we serve - financial services, private capital, real estate, life sciences and technology.

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