ICLG.com > ICLG News > Dechert guides Lovell Minnick Partners on Valor PayTech investment
Published at 06 Oct 2025
This is the second time the firm has advised Lovell Minnick Partners on a fintech investment deal, having recently guided them on the acquisition of Merchant Industry.
Global law firm Dechert has advised private equity firm Lovell Minnick Partners (LMP) on its investment in fintech company Valor PayTech, a provider of point-of-sale software and payment technology.
The firm also guided LMP on acquiring a majority stake in Merchant Industry, a fintech company that operates within the merchant acquiring landscape, providing payment acceptance solutions to small and mid-sized businesses across the United States.
The Dechert team that advised LMP on both deals was led by private equity and M&A partners Brian C. Miner and Stephanie L. Haas, as well as associate Quinn Wetherall.
Merchant Industry co-founder Leo Vartanov said: “LMP is the right partner for us as we enter this transformational phase where the business matures and scales beyond its current capabilities. LMP possess extensive institutional knowledge, an impeccable reputation, and a 25-year history of achieving results across the businesses they have invested in. The blending of capital, their comprehensive understanding of our business, and the newly assembled executive leadership team led by Vaden made this partnership the obvious choice for my partners and me as we continue our ascent to the top of the fintech mountain.”
Eric Bernstein, Valor CEO, commented: “This new chapter with LMP opens up exciting opportunities for us to make strategic investments and acquisitions that will further strengthen our ecosystem. I’m proud to continue leading Valor with the same culture and vision that brought us here, now with added capital, strategic insight, and an aligned financial partner in LMP that believes in our mission. Together, we are well-positioned to drive even greater impact across the payments market.”
The acquisition will bring together two technology companies that aim to improve accuracy and patient care within radiology.
With a 4.5-year reinvestment period, the deal highlights strong investor demand and Barings’ confidence in its European Private Credit origination capabilities.
The transaction will result in the two companies combining their novel approaches to the healthcare market.
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