Thursday , April 19, 2018

Mergers & Acquisitions

September, 2013

  • 25 September

    Post-VeriFone, Bergeron Runs a $500 Million Warchest To Buy Payments Companies

    By Kevin Woodward   Six months after leaving point-of-sale terminal maker VeriFone Systems Inc., Douglas G. Bergeron is leading a new enterprise targeting financial-services and payments companies for acquisition.   Dubbed Opus Global Holdings LLC, the new company has $500 million at its disposal to buy companies. Bergeron is collaborating …

May, 2013

February, 2013

  • 19 February

    TSYS Plans To Go Big-Time in Prepaid With Its $1.4 Billion NetSpend Acquisition

    No stranger to prepaid cards, payment card processor Total System Services Inc. (TSYS) will become a major force in the prepaid niche with its planned cash acquisition of program manager NetSpend Holdings Inc. that values NetSpend at $1.4 billion. The deal the two companies announced late Tuesday would pay NetSpend …

November, 2012

October, 2012

  • 31 October

    Acquiring Giant Vantiv Agrees to Buy Litle & Co. for $361 Million

    In a move that will greatly expand its business in card-not-present transaction processing, merchant processor Vantiv Inc. announced on Wednesday that it has agreed to acquire Lowell, Mass.-based Litle & Co. for $361 million in cash. The transaction is expected to close later this year and will result in 11-year-old …

January, 2012

  • 25 January

    Eye on Prepaid: NetSpend Nets 7-Eleven for Distribution; Green Dot Buys a Processor

    Prepaid card program manager NetSpend Holdings Inc. beefed up its retail distribution channels through a new agreement announced on Wednesday with leading convenience-store chain 7-Eleven Inc. The news came just a day after NetSpend rival Green Dot Corp. revealed that it bought assets from eCommLink Inc. that will advance its …

November, 2011

  • 28 November

    Eye on Prepaid: Intuit’s GoPayment Card, Green Dot’s Bank

    The prepaid card industry is marching to new frontiers as November heads toward a close. Intuit Inc. on Tuesday is expected to launch a prepaid Visa card for new merchants in its GoPayment smart-phone-based service, and the Federal Reserve Board approved prepaid card program manager Green Dot Corp.’s plan to …

September, 2011

  • 15 September

    Private-Equity Player GTCR Swoops in to Snatch Fundtech from S1’s Grasp

    In yet another twist in the ongoing corporate drama involving payments-software firms S1 Corp., Fundtech Ltd., and ACI Worldwide Inc., news emerged early on Thursday that Fundtech is spurning S1 in favor of what it views as a better offer from GTCR, a Chicago-based private-equity firm with a history of …

April, 2011

  • 4 April

    Ingenico To Buy Hypercom Assets, Installs New North American Boss

      Ingenico S.A. will buy part of point-of-sale terminal maker Hypercom Corp.’s U.S. assets as VeriFone Systems Inc. prepares to complete its acquisition of Hypercom under a deal the companies announced Monday. France-based Ingenico also installed the head of its Australian unit, Thierry Denis, as its new North American president. …

January, 2011