Payments Association Teams Up with Nineteen Group and Phoenix Equity Partners to Boost Expansion Speed
The Payments Association (TPA) has announced a strategic partnership with Nineteen Group, a global events and media business backed by Phoenix Equity Partners. This collaboration is set to support TPA's scaling and growth initiatives, providing additional investment, operational support, and access to new markets.
The partnership aims to preserve TPA’s ethos, leadership, and community focus while enabling it to grow beyond the UK. Peter Jones, CEO of Nineteen Group, expressed delight at partnering with TPA, stating that it provides a unique opportunity to amplify the existing community and activities while protecting what makes TPA unique.
Key aspects of the partnership include the provision of significant growth capital, backed by Phoenix Equity Partners, to facilitate expansion efforts. Operational support from Nineteen Group will enhance TPA's infrastructure and reach, focusing on member engagement, events, and professional development within the payments sector.
The partnership will also see an expansion of digital platforms and services to serve a wider audience geographically. Ben Agnew, CEO of TPA, stated that the partnership gives them the platform to do more, while Tony Craddock, Founder of TPA, believes it will create more impact for the payments community.
Collingwood acted as financial adviser to TPA on the transaction. The existing management team of TPA will lead the organization, with the partnership providing resources, reach, and investment to scale TPA's offering.
TPA remains an independent brand within the Nineteen and Phoenix portfolio, and the partnership is described as being about scale, not change. The partnership will support the scaling of TPA's events, insight, and membership experience, positioning it to accelerate its influence and deliver greater impact within the payments community.
Investment will be made to enhance member value through insight, content, experiences, and new digital platforms. The partnership marks a pivotal stage in TPA’s development, setting the stage for a new chapter of growth and positive change in the payments industry.
The strategic partnership between The Payments Association (TPA) and Nineteen Group, a global events and media business, will enable TPA to expand beyond the UK while preserving its ethos, leadership, and community focus. This cooperation will involve significant growth capital from Phoenix Equity Partners, operational support from Nineteen Group, and an expansion of digital platforms and services to serve a wider audience geographically.
