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EVO Payments completes stock offering

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EVO Payments completes stock offering

EVO Payments Inc. completed Aug. 15 an underwritten offering of 4 million shares of its class A common stock.

The company used net proceeds from the transaction to purchase limited liability company interests in EVO Investco LLC and an equivalent number of EVO Payments class B common shares from Blueapple Inc. It also acquired LLC interests in EVO Investco and an equivalent number of EVO Payments class D common shares from entities affiliated with Madison Dearborn Partners LLC. The class B and class D common shares purchased were then canceled.

BofA Securities Inc. and Barclays Capital Inc. acted as joint underwriters for the offering.

EVO Payments is the sole managing member of EVO Investco, according to a filing.