Francisco Partners $2.58 billion acquisition of Verifone Systems

Overview:

• Private equity firm Francisco Partners has led an investor group on a $2.58 billion acquisition of Verifone Systems.
• Verifone provides electronic payment solutions.
• The investor group included British Columbia Investment Management. 
• Qatalyst Partners acted as financial adviser for Verifone and Credit Suisse, Barclays and Royal Bank of Canada advised the investor group. 
• The transaction is expected to close during the third quarter of 2018.

Kurt Stumpo - Journalist