Moneris announces acquisition by Francisco Partners
On August 10, 2026, Moneris Solutions Corporation ("Moneris") and Francisco Partners Management, L.P. ("FP") announced that FP entered into a definitive agreement to acquire Moneris from Bank of Montreal (“BMO”) and Royal Bank of Canada (“RBC”), subject to customary regulatory approvals and closing conditions.
Under the terms of the agreement, FP will acquire Moneris for cash consideration of approximately C$2.0 billion, with BMO and RBC each receiving a 50% share. Further, long-term referral agreements have been established with both BMO and RBC, under which they will exclusively refer customers, reflecting Moneris' position as Canada's trusted payments and commerce partner and reinforcing the innovation, continuity and stability that Moneris is known for.
The transaction is expected to close by the end of the first quarter of BMO and RBC's fiscal year 2027, subject to customary closing conditions and regulatory approvals, including under the Retail Payment Activities Act (Canada) and clearance under the Competition Act (Canada).
Further information can be found on Canada Newswire’s website.
Moneris is Canada's leading commerce solutions provider, helping businesses of all sizes sell more, serve customers better and operate more efficiently. It offers ecommerce and omnichannel solutions, point-of-sale hardware and software, integrated business tools and data and insights, all backed by secure payment acceptance across in-store, online and mobile environments.
Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Since its launch over 25 years ago, it has invested in over 500 technology companies, making it one of the most active and longstanding investors in the technology industry. With over $75 billion in capital raised to date, it invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential.