Clarion Capital Partners completes investment in Ready Credit Corporation

On May 25, 2023, Clarion Capital Partners, LLC ("Clarion") completed an investment in Ready Credit Corporation, including its subsidiary, Reverse ATM, LLC. 

Ready Credit is a fintech company headquartered in Minnesota that provides innovative, prepaid product solutions that enable businesses to transition to cashless operations while continuing to serve cash-reliant customers. Businesses that currently benefit from Ready Credit's cashless payments solution include the largest domestic and international airlines and airports throughout the US, Canada and Mexico; major and minor league sports and entertainment venues; transit authorities; amusement parks; hospitals; museums; and other specialty attractions 

Clarion is a New York-based private equity firm that focuses on making control equity investments in lower middle market growth companies. Clarion's industry focus includes Business & Healthcare Services, Financial Services, Media, Entertainment & Technology, and Consumer & Retail.

Gowling WLG advised Clarion on Canadian aspects of this transaction with a team that included Daniel Scott, Fabienne Racicot and Brendan Goodman (corporate) and Elad Gafni (foreign investment review).