PHILADELPHIA, March 13, 2025: Morgan Lewis advised payments technology company Fortis in a joint investment by Audax Private Equity and existing investor Lovell Minnick Partners (LMP).
Fortis delivers comprehensive payment solutions and commerce enablement to software partners and developers, processing billions of dollars annually. Audax Private Equity has approximately $19 billion of assets under management and has invested in more than 170 platforms and 1,350 add-on acquisitions since its founding. LMP partners with growth-oriented companies and has raised more than $5 billion of committed capital, invested in more than 50 unique platform companies, and completed over 200 add-on acquisitions. LMP initially invested in Fortis in 2019.
Morgan Lewis partners Kevin Shmelzer and Jack Sheehan and associates Michelle Catchur Kennedy, Charles Condro, and Alyssa Cavallo advised Fortis.