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Francisco Partners to buy Verifone

Verifone Systems, Inc., a provider of payment and commerce solutions, has been acquired by an investor group led by Francisco Partners, a technology-focused private equity firm. Other investors in the transaction included British Columbia Investment Management Corporation. According to the announcement, the price of the deal was approximately $3.4 billion, which includes Verifone’s net debt. Qatalyst Partners acted as financial advisor to Verifone on the transaction. Credit Suisse, Barclays and Royal Bank of Canada acted as financial advisors and Kirkland & Ellis LLP served as legal advisor to the Francisco investor group. Credit Suisse, Barclays and Royal Bank of Canada provided committed debt financing for the transaction.


PE deals,private equity,private equity deals