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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.

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PE deals,private equity,private equity deals