Mergers & Acquisitions

January, 2016

• 26 January

  In a Bid to Build on Strengths, TSYS Clinches a $2.35 Billion Deal To Buy TransFirst

  Processor Total System Services Inc. (TSYS) is buying acquirer TransFirst Holdings Inc. for $2.35 billion, Columbus, Ga.-based TSYS announced Tuesday. The deal, which is expected to close in the second quarter, puts an end to TransFirst’s plans to explore an initial public offering. Hauppauge, N.Y.-based TransFirst last October filed an …
• 7 January

  Chase Exits ISO Business With Portfolio Sale to First American Payment Systems

  Merchant processor First American Payment Systems L.P. on Thursday reported that it bought the independent sales organization portfolio of Chase Commerce Solutions, the merchant-acquiring and payment-processing unit of banking giant JPMorgan Chase & Co. Neither company would disclose the purchase price or the number of ISOs and merchants involved in the …

December, 2015

• 16 December

  Global Payments’ $4.3 Billion Heartland Deal Points up Industry Shift to Integrated Payments

  When Global Payments Inc.’s chief executive, Jeffrey S. Sloan, called his counterpart at Heartland Payment Systems Inc., Robert O. Carr, a couple of months ago, he had in mind the potential for a massive acquisition in the acquiring business. But, in making that call, he also took the latest step, …
• 15 December

  Global Payments To Buy Heartland in $4.3 Billion Cash-And-Stock Deal

  Confirming rumors that have been rife for days, merchant acquirer Global Payments Inc. announced late Tuesday that it will buy smaller rival Heartland Payment Systems Inc. in a cash-and-stock deal valued at $4.3 billion. At $100 per share, the deal represents an 18% premium over Heartland’s closing share price Tuesday. …

December, 2014

• 17 December

  Digital River Re-Ups With Microsoft, Removing a Cloud Over Its Planned Buy-Out

  Investors in Digital River Inc.’s stock reacted with exultation Wednesday morning when the gateway and e-commerce services provider disclosed that Microsoft Corp., its biggest customer, had renewed an agreement under which Digital River hosts the Microsoft Store online site. Not only has Digital River retained a client that accounts for …
• 8 December

  Digital River’s Stock Craters on Fears of the Company Losing Microsoft’s Online Store

  Gateway and e-commerce services provider Digital River Inc. on Monday joined some other payments companies that have experienced the wrath, or panic, of investors on news that their relationship with their largest customer was threatened. Shares of Minnetonka, Minn.-based Digital River plunged 22.7%, falling $5.80 to close at $19.71, after …

May, 2014

• 14 May

  COMMENTARY: The Real Significance of Vantiv’s $1.65 Billion Deal for Mercury

  Vantiv Inc.’s deal to acquire Mercury Payment Systems LLC was noteworthy for its size—the deal carried a $1.65 billion price tag—but it was also exemplary of a key industry transformation from distribution-centric to product-centric acquiring. For decades, the merchant-acquiring industry has revolved around selling the services of barely differentiated payment …
• 12 May

  Vantiv Announces Plans To Buy Mercury Payment Systems for $1.65 Billion

  Payment processor Vantiv Inc. announced late Monday that it has struck a definitive agreement with the majority owner of tech-oriented independent sales organization Mercury Payment Systems LLC to buy Mercury for $1.65 billion in a debt-funded transaction. Durango, Colo.-based Mercury is suspending plans it disclosed in late March for an …

January, 2014

• 27 January

  PayPros Deal Supports Global’s Strategy, But Not at Expense of ISOs, Company Says

    Global Payments Inc.’s $420 million deal to buy integrated payments-software maker Payment Processing Inc., or PayPros, is furthering its strategy as the payment processor looks to grow its direct sales, says a Global Payments spokeswoman. Atlanta-based Global Payments announced the deal Friday to buy the Newark, Calif.-based PayPros, which …

September, 2013

• 25 September

  Post-VeriFone, Bergeron Runs a $500 Million Warchest To Buy Payments Companies

  By Kevin Woodward   Six months after leaving point-of-sale terminal maker VeriFone Systems Inc., Douglas G. Bergeron is leading a new enterprise targeting financial-services and payments companies for acquisition.   Dubbed Opus Global Holdings LLC, the new company has $500 million at its disposal to buy companies. Bergeron is collaborating …