August 28, 2018Blog Posts

Francisco Partners completes $3.4bn Verifone acquisition

Verdict

Private equity firm Francisco Partners has completed the acquisition of POS terminal and payment technology provider Verifone Systems for $3.4bn.

The Verifone acquisition, first announced in April, was carried out through a Francisco Partners-led investor group with British Columbia Investment Management as a member.

Moreover, according to the terms of the acquisition, all Verifone stockholders received $23.04 per share in cash.

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