Thursday , April 19, 2018

Mergers & Acquisitions

October, 2017

  • 12 October

    Blackhawk Network Plans To Sell its Cardpool Gift-Card Exchange Business

    Prepaid card services provider Blackhawk Network Holdings Inc. disclosed Wednesday that it plans to sell its struggling Cardpool business. That news came as Pleasanton, Calif.-based Blackhawk reported a loss of $7.8 million for its third quarter ended Sept. 9, bigger than the $5.1 million loss in 2016’s third quarter. Third-quarter …

September, 2017

  • 7 September

    Global Payments Completes Active Deal and other Digital Transactions News briefs

    Francisco Partners, a private-equity fund, has made an investment in Network Merchants Inc., a provider of payments technology and gateways to merchants and independent sales organizations. The unspecified investment is said to be “substantial.” Consequent to the deal, existing investor Bregal Sagemount will exit, and existing investor Great Hill Partners will …

August, 2017

  • 25 August

    AmEx Exits Prepaid Card Program Management With Platform Sale to InComm

    The pending sale by American Express Co. of its Serve technology platform to prepaid card program manager InComm moves AmEx more toward the model used by most other general-purpose prepaid card issuers and still keeps the upscale AmEx brand involved in a business mostly oriented toward moderate- and lower-income consumers, …

  • 18 August

    Milestone: Global Payments Launched the VAR/ISV Trend Five Years Ago With its APT Buy

    It didn’t get a lot of press at the time, but the acquisition by merchant acquirer Global Payments Inc. of Accelerated Payment Technologies in 2012 proved to be the starting point of big acquirers pairing up with integrated software vendors and value-added resellers to deepen their relationships with merchants. Atlanta-based …

  • 9 August

    Vantiv To Take Worldpay’s Name In a Merger That Will Create a Global Acquiring Powerhouse

    After two delays, processor Vantiv Inc. and London-based merchant acquirer Worldpay Group plc finally announced a formal deal Wednesday that has Vantiv acquiring Worldpay in a deal that creates a global processing powerhouse. The cash and stock deal values Worldpay at $12 billion, a 34% premium to Worldpay’s six-month volume-weighted …

  • 3 August

    Global Payments to Acquire Active Network for $1.2 Billion; Sees Profits Rise Nearly 8%

    Global Payments Inc. said Thursday that it has a deal to buy two major divisions of Active Network LLC, a growing event-management software provider and payment processor, for $1.2 billion from a private-equity firm. The merchant acquirer also reported its second-quarter financials, which include a nearly 8% year-over-year increase in …

  • 1 August

    Vantiv’s Worldpay Bid Extended and other Digital Transactions News briefs

    Payments veteran and Harbortouch founder Jared Isaacman announced the formation of Lighthouse Network LLC, a company that will provide shared services, such as payment processing, merchant-support responsibilities, and corporate functions to Harbortouch, and eventually other brands, which could be acquired through strategic means, a Lighthouse Network spokesman said. Isaacman said in a press …

July, 2017

  • 26 July

    USA Technologies Raises $43.1 Million and other Digital Transactions News briefs

    Atos, parent company of France-based processor Worldline S.A., said Worldline has a deal with payment processor First Data Corp. to buy First Data’s subsidiaries in Lithuania, Latvia, and Estonia, collectively known as First Data Baltics, for €73 million ($85.1 million) in cash. The acquisition comes little more than a week …

  • 24 July

    Paysafe To Buy Merchants Choice, but Itself May Be Acquired by a Private-Equity Consortium

    In a payments play on acquire and be acquired, Paysafe Group plc announced Friday that it has a deal to acquire Delta Card Services Inc., parent company of independent sales organization Merchants’ Choice Payment Solutions, for $470 million in cash. Separately, United Kingdom-based Paysafe also confirmed that it has received …

  • 5 July

    Aiming for Global Scale, Vantiv Agrees to Buy Worldpay for $9.9 Billion

    In a play for scale in a rapidly expanding e-commerce market, Vantiv Inc. on Wednesday agreed to buy the United Kingdom-based processor Worldpay Group plc for approximately $9.9 billion. JPMorgan Chase & Co., which had also expressed interest in Worldpay, has withdrawn from the bidding. The boards of the two …