Satori Capital has added Mike Beltz to its investment team as a new operating partner. Mr. Beltz will assist Satori with identifying and investing in companies within the payments processing sector, typically with enterprise values ranging from $25 million to $75 million.
Mr. Beltz joins Satori with more than 25 years of experience in the financial technology and payments processing industry, including board and executive positions with companies such as First Data Corporation, Alliance Data Systems, and ChoicePay.
Mr. Beltz began his career at First Data Corporation where he spent 14 years leading a variety of sales, marketing, and merger and acquisition initiatives, including the pursuit, negotiation, and acquisition of Signet, Europe’s largest association of credit card processors. After the acquisition of Signet, he was instrumental in creating the Merchant Alliance Program, which created strategic partnerships between eight of the nation’s largest merchant acquirers and First Data Corporation. Mr. Beltz was then recruited to Alliance Data Systems where he led various corporate development strategies that grew revenues from $100 million to $500 million.
“In a rapidly evolving industry with emerging payments technologies, I’m thrilled to share my experiences with others as they attempt to navigate this dynamic market,” said Mr. Beltz. “From my experience, a strategic capital partner can significantly assist middle-market companies in their evolution to the next echelon. Satori’s team of former CEOs and executives provides an operational mindset that helps it better collaborate with a management team to accelerate the growth of a business. I am enthusiastic about the opportunity to work with Satori, a firm with a long-term partnership philosophy that is unique in the private equity landscape.”
Satori Capital invests in companies that have revenue of $25 million to $200 million and free cash flow of $3 million to $15 million. Sectors of interest include business services; consumer products; e-commerce; financial services; manufacturing; and software/IT/telecom. Satori Capital is based in Dallas (www.satoricapital.com).
“Mike’s deep payments processing proficiency coupled with Satori’s strategic, operational, and financial resources offer business owners a compelling partnership opportunity. Mike has a unique ability to leverage his experience leading multi-billion dollar enterprises in a way that addresses the challenges and opportunities facing emerging middle-market businesses. We are thrilled to work with Mike to invest in and build businesses with enduring value,” said
Sunny Vanderbeck, a Satori Managing Partner.
© 2013 PEPD • Private Equity’s Leading News Magazine • 4-24-13
