Houlihan Lokey Advises PayComplete

Houlihan Lokey is pleased to announce the successful placement of a senior secured credit facility for PayComplete, a portfolio company of a U.S.-focused private equity fund sponsored by ACON Investments, LLC (ACON). The financing consisted of a revolver and a term loan. The transaction closed on August 14, 2025.

PayComplete is a global provider of cash management hardware, software, and services for retail, banking, transportation, and other cash-intensive end markets. The company’s cash management solutions serve a diversified base of long-tenured customers, including financial institutions, cash-in-transit providers, retailers, and transportation hubs. Due to PayComplete’s differentiated business model, characterized by its proprietary software technology, global service infrastructure, and broad portfolio of devices, the company is well positioned to support customers across EMEA, the Americas, and Asia.

Houlihan Lokey served as the exclusive placement agent to PayComplete, assisting the company in arranging, structuring, and negotiating the financing. The PayComplete financing highlights Houlihan Lokey’s ability to run a competitive financing process, deliver attractive refinancing alternatives, and improve credit terms.

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