GTCR has agreed to sell Fundtech, a provider of global payments and transaction banking software, to D+H (TSX: DH) for about $1.25 billion in cash. The deal is expected to close in 2Q. With roughly 1,600 employees, Fundtech has operations in 19 countries and a base of 1,200 clients, including some of the world's top financial institutions. Last year, the company recorded adjusted revenue of $263 million and adjusted EBITDA of $68 million, growth of 9% and 15% over 2013, respectively. GTCR has backed it since 2011.