Moneris to be acquired by Francisco Partners for C$2 billion
Francisco Partners has entered into a definitive agreement to acquire Moneris Solutions Corporation from the Bank of Montreal (BMO) and the Royal Bank of Canada (RBC). The acquisition is valued at approximately C$2.0 billion in cash, with BMO and RBC each receiving a 50 percent share of the proceeds.
As part of the transaction, long-term, exclusive customer referral agreements will be established between Moneris and both BMO and RBC. The deal is subject to customary regulatory approvals and closing conditions, with an expected completion by the end of the first quarter of the 2027 fiscal year.
Jeff Sloan, the former President and CEO of Global Payments Inc., will join the Moneris board as Chairman. Moneris, which serves over 325,000 points of commerce, intends to use the investment to accelerate its growth and innovation within the Canadian payments and fintech landscape.
Entities
Axsome Therapeutics · BMO Financial Group · Bank of Montreal · Canada · Eagle Nuclear Energy Corp. · Francisco Partners · International Olympic Committee · Jeff Sloan · Keel Infrastructure · LibertyStream Infrastructure Partners Inc. · Lisa Paulk Bohls · Moneris Solutions Corp.
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [○ 1 SOURCE] Growth was driven by monetization in the TuneIn and FAST channel segments.
- [○ 1 SOURCE] Axsome Therapeutics reported second quarter 2026 net product revenue of $218.4 million.
- [○ 1 SOURCE] Axsome Therapeutics saw 46% year-over-year revenue growth.
- [○ 1 SOURCE] Stingray reported revenues of $158 million for the first quarter of fiscal 2027.
- [○ 1 SOURCE] Stingray achieved organic growth of 27.5%.