Francisco Partners is in discussions to acquire payments processor Moneris, a joint venture owned by Royal Bank of Canada and Bank of Montreal, in a deal that could value the business at up to $2bn, according to a report by the Financial Times citing unnamed people familiar with the matter.
Moneris, one of Canada’s largest merchant payment processors, handles more than 5bn transactions annually. The company is co-owned by Royal Bank of Canada and Bank of Montreal, both of which have been explori...
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