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Francisco Partners Acquires Majority Of NMI

San Francisco-based private equity investor Francisco Partners has made a majority investment in Illinois-based NMI, a developer of payment technology for ISOs, VARs, ISVs and payment facilitators. Financial details of the investment were not announced. According to NMI, its existing investor, Bregal Sagemount, has exited the company, with Great Hill Partners remaining a "significant" shareholder. Roy Banks is CEO of NMI.