BCI joins Francisco Partners in $3.4 bln buy of Verifone
Verifone Systems Inc (NYSE: PAY), a U.S. provider of payments and commerce solutions at the point of sale, has agreed to be acquired by an investor group led by U.S. private equity firm Francisco Partners. The investor group, which includes British Columbia Investment Management Corp (BCI), will buy Verifone for US$23.04 per share in cash, representing a total consideration of about US$3.4 billion, including net debt. The company's board has approved the take-private deal, which includes a go-shop period. It is expected to close in the third quarter. Founded in 1981, Verifone is based in San Jose, California.
9 April 2018•4 mins read
