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.
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OVERVIEW
Business and market identity
Banking · Treasury · Cross-border services
- Company type
- Public company
- Payment role
- bank and transaction banking
- Source coverage
- 8 traceable endpoints
- Valuation basis
- TSX / NYSE · RY (live market cap not cached)
- US website
- Open site ↗