Gallant Capital Partners, LLC entered an agreement to acquire Payments Testing Business from UL Solutions Inc. (NYSE:ULS) in December 2023. Houlihan Lokey served as financial advisor and Baker McKenzie LLP served as legal counsel to UL Solutions. Emmanuel Enrici and Vincent Ponsonnaille of Kirkland & Ellis acted as legal advisor to Gallant Capital.

Gallant Capital Partners, LLC completed the acquisition of Payments Testing Business from UL Solutions Inc. (NYSE:ULS) for $30 million on May 1, 2024. The base price of $30 million in cash is subject to customary post-closing adjustments, with the potential for additional cash consideration if certain earn-out provisions are met.