RBC and BMO Financial Group have agreed to jointly sell Moneris Solutions Corp., a Canadian payment processing company, to Francisco Partners. The reported deal value is about $2 billion in some coverage, while one outlet cites a $1.44 billion figure.
After the transaction closes, RBC and BMO are expected to enter into a long-term customer referral arrangement with Moneris. This structure is intended to maintain a commercial link between the banks and the payment processor even after ownership changes.
Outlets largely agree on the counterpart (Francisco Partners), the joint nature of the sale, and the post-closing referral arrangement. Differences in reported pricing likely reflect variations in how the deal value is presented, such as gross versus net amounts or other transaction components. The sources do not provide additional terms, timing details, or regulatory status beyond the agreement to sell and the anticipated long-term relationship.
