Latest Mergers and acquisitions News: Finextra Research

Helios buys majority stake in Tpay

Helios Investment Partners (“Helios”), the leading Africa-focused private investment firm, has today announced the acquisition of a 76% stake in TPAY Mobile FZ-LLC (TPAY or the “Company”), a fast growing direct carrier billing (“DCB”) provider in the Middle East and North Africa region (“MENA”) from A15, a leading tech investment fund based in Egypt,.

17 September 2018

News/Mergers and acquisitions

Nasdaq makes $190 million offer for Cinnober

Nasdaq has made an all-cash offer of $190 million to acquires Swedish trading technolgy firm Cinnober.

14 September 2018

News/Mergers and acquisitions

Klarna to acquire consumer financing arm of Close Brothers

Fintech unicorn Klarna is buying the retail financing arm of merchant bank Close Brothers to strengthen its position in the UK market.

14 September 2018

Company update/Mergers and acquisitions

Asset Control acquired by Sovereign Capital Partners

Asset Control, the leading provider of Financial Data Management solutions, today announced that Sovereign Capital Partners (“Sovereign”), has invested in the Company.

11 September 2018

News/Mergers and acquisitions

Paxos launches stablecoin

Blockchain startup Paxos has secured approval from New York regulators to launch a US dollar-pegged stablecoin

10 September 2018

Company update/Mergers and acquisitions

SS&C to buy Intralinks

SS&C Technologies Holdings,a global provider of financial services software and software-enabled services, today announced it has entered into a definitive agreement to acquire Intralinks Holdings, Inc. from affiliates of Siris Capital Group for total consideration of $1.5 billion.

07 September 2018

Company update/Mergers and acquisitions

Payment Cloud Technologies and Tuxedo Money Solutions merger to form Omnio in EUR70 million deal

International fintech specialists Payment Cloud Technologies and Tuxedo Money Solutions have merged to Omnio Group, a market leading provider of cloud-based banking and payment services, in a deal valued at €70m structured and negotiated by EDC Advisors Limited.

06 September 2018

Company update/Mergers and acquisitions

Elavon acquires Electronic Transaction Systems

Elavon, global merchant payment processing provider and subsidiary of Minneapolis-based U.S. Bancorp, has acquired Electronic Transaction Systems (ETS), a financial technology company based in Virginia.

05 September 2018

Company update/Mergers and acquisitions

FIS sells Certegy cheque processing unit

FIS (NYSE: FIS), a global leader in financial services technology, today announced it has sold substantially all of the assets of its Certegy Check Services business unit to an affiliate of Variant Equity Advisors, LLC, a U.S.-based investment management firm focused on corporate divestiture transactions in a number of industries, including data- and technology-based organizations.

05 September 2018

Company update/Mergers and acquisitions

iSignthis to acquire core banking supplier

Australian Securities Exchange and Frankfurt Stock Exchange cross listed iSignthis Ltd (ASX : ISX | FRA : TA8) (the Company”) is pleased to announce that it has entered into terms to acquire 100% of the issued capital of an EU based core banking platform software business (“the Business”).

05 September 2018

News/Mergers and acquisitions

Munich Re pays $300m for IoT specialist relayr

Reinsurer Munich Re has agreed a $300 million deal to buy relayr, a Berlin-based Internet of Things (IoT) startup that helps industrial companies extract valuable data from their machinery.

05 September 2018

Company update/Mergers and acquisitions

Contis gains UK consumer credit licence with Paze acquisition

Contis Group (“Contis”) the business that is powering the banking and payments revolution, today announces it has gained a UK consumer credit licence following its acquisition of Paze Finance Limited (“Paze”).

04 September 2018

Company update/Mergers and acquisitions

SIX completes acquisition of SECB

SIX has held a 25% stake in SECB (Swiss Euro Clearing Bank GmbH) since 1999.

03 September 2018

Company update/Mergers and acquisitions

Rakuten buys bitcoin exchange

Rakuten, Inc. (hereinafter “the Company”) announces that today it decided to acquire everybody’s bitcoin Inc. (hereinafter “everybody’s bitcoin”) through its subsidiary, Rakuten Card Co., Ltd.

31 August 2018

Company update/Mergers and acquisitions

Thomson Reuters plots $9bn share buyback following Blackstone deal

Thomson Reuters (TSX/NYSE: TRI) today announced that its Board of Directors has authorized the making of a substantial issuer bid/tender offer (SIB) pursuant to which the company will offer to purchase from shareholders for cancellation up to US$9 billion of its outstanding common shares.

29 August 2018

News/Mergers and acquisitions

Deutsche Bank buys stake in Modo to expand payments biz to non-bank platforms

Deutsche Bank has moved to beef up its transaction banking franchise through the acquisition of a stake in US startup ModoPayments. Terms of the deal were not disclosed.

24 August 2018

Company update/Mergers and acquisitions

Francisco Partners completes acqusition of Verifone

Verifone Systems, Inc. (“Verifone” or the “Company”), a global leader in payment and commerce solutions, today announced that it has been acquired by an investor group led by Francisco Partners, a leading technology focused private equity firm, and including British Columbia Investment Management Corporation.

23 August 2018

Company update/Mergers and acquisitions

ThinkSmart offloads shares in POS financing startup ClearPay

ThinkSmart Limited (AIM: TSL), a leading digital payment solutions provider, announces that it has sold 90% of the share capital of ClearPay to AfterPay Touch Group Limited (“AfterPay’’), a company listed on the ASX.

23 August 2018

News/Mergers and acquisitions

Latvian fintech entrepreneurs buy Colorado National Bank

The owners of Latvian payments firm Transact Pro have acquired a small Colorado bank, promising to overhaul it for the 21st century.

23 August 2018

Company update/Mergers and acquisitions

WorldFirst acquires Wyre's retail cross-border payment service

Today, we’re excited to announce our account transfer agreement for the sale of our retail money transfer business to WorldFirst, one of the largest money transfers companies in the industry.

16 August 2018