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Blackhawk Adds Two Gift Card Platforms to Its E-Commerce Portfolio

Today, Blackhawk Network, a prepaid and payments network, announced the acquisition of two gift card-focused platforms—GiftCards.com and OmniCard—for approximately $120 million. FT Partners served as exclusive strategic and financial advisors to Omni Prepaid in this transaction.

The purchase price will be funded with both cash and borrowings under an existing credit facility. The acquisition is consistent with Blac ...

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