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For Immediate Release

Waud Capital Appoints Andrew Rueff as Operating Partner and Launches Initiative in the Payments and Financial Technology Sector

Chicago, IL, January 25, 2017 – Waud Capital Partners ("Waud Capital" or the "Firm"), a leading growth-oriented lower middle-market private equity firm with $2.1 billion in assets under management, announces the appointment of Andrew Rueff as an operating partner, effective immediately. In this new position, Mr. Rueff will work with the Firmís business and technology services investment team and pursue new platform investments in the payments and financial technology sector, an initiative to which Waud Capital has initially committed at least $100 million of equity capital.

Mr. Rueff is a veteran of the payments industry with over 20 years of experience. In 2000, he was one of the original founders and architects of the recapitalization of TransFirst Holdings, Inc., a leading private equity-backed U.S. merchant solutions provider that was acquired by TSYS (NYSE: TSS) in January 2016 for $2.35 billion. During his tenure at TransFirst Holdings, Mr. Rueff served as one of the top executive management members and held several senior executive positions, playing a significant role to transform the company into a top payments business in the U.S. From 2000-2014, he was responsible for the companyís strategy and corporate development, where he completed more than 25 acquisitions that helped grow the company from less than $20 million of net revenue to over $250 million of net revenue and significant profitability. Previously, he was a vice president of mergers and acquisitions for Nova, an Atlanta-based transaction processing company. Mr. Rueff also currently serves on the board of CyberGrants, a Waud Capital portfolio company, where he advises on payments strategy.

"In partnering with Andrew, Waud Capital underscores its commitment to finding and partnering with the best CEOs and senior executives in our focus industries," said Justin DuPere, Principal at Waud Capital. "We have identified payments as one of the top business and technology services sectors to build and scale a new platform, and we are thrilled to be partnering with a world class executive like Andrew with whom we plan to create significant value."

"I am excited to join the Waud Capital team and to establish and grow new platforms in the payments and financial technology sector," said Mr. Rueff. "It is an opportune time to invest in these industries, in particular the integrated payments space, as an evolving competitive and technology landscape creates significant runway to build market-leading companies of scale. Waud Capital provides significant financial resources and access to world-class investment, research and human capital resources, which will serve us well as we establish a strategy and seek investments in this high growth industry."

"Andrew brings to Waud Capital the right blend of business development experience and deep industry relationships, and he has a distinguished track record of generating attractive risk-adjusted returns for investors," added Matt Clary, Partner at Waud Capital. "He significantly strengthens the Firmís ecosystem to build and scale a leading platform in the payments space."

Mr. Rueff earned both a Bachelorís and an MBA from the University of Tennessee. He also received a JD degree from the Cumberland School of Law at Samford University.

About Waud Capital Partners
Based in Chicago, Waud Capital Partners is a leading private equity firm founded in 1993 that partners with exceptional management teams to acquire or create platforms in the U.S. lower middle market through control-oriented growth equity investments, industry consolidation, buyouts or recapitalizations. The Firm seeks to invest $50 million to $100 million (including follow-on investments) of total equity in each platform company and employs a disciplined three-phase investment strategy with staged investments designed to generate superior risk-adjusted returns. Waud Capital targets services businesses in large, growing, fragmented markets within two industries: healthcare services and business and technology services. Typically, the initial platform companies in which Waud Capital invests have enterprise values between $50 million and $250 million. The Firm has approximately $2.1 billion in assets under management. Since its founding, Waud Capital has successfully completed more than 200 investments, including platform companies and follow-on opportunities.

For additional information on WCP, visit www.waudcapital.com.

Business Development Contact:
Phil Olson, Principal - Business Development
(312) 676-8401
polson@waudcapital.com.com

Investor Contact:

Philip Kemp, Principal - Investor Relations
(312) 676-8435
pkemp@waudcapital.com

Media Contact:
Nick Rust, Prosek Partners - Investor Relations
(212) 279-3115 ext. 252
nrust@prosek.com

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