Francisco Partners Agrees to Acquire Canadian Processor Moneris

Digital Transactions reports that Francisco Partners agreed to acquire Moneris from BMO and RBC for C$2 billion (about US$1.43 billion), with the banks splitting the proceeds and retaining long-term referral agreements. Moneris says it serves 325,000 points of commerce and processes one-third of Canadian commerce transactions; closing is expected by the end of January, and former Global Payments CEO Jeff Sloan is due to become chairman.

CompaniesInfrastructureFrancisco PartnersMoneris
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