Francisco Partners is said to be in talks to buy Canadian payments firm Moneris for up to $2B

Private equity firm Francisco Partners is in talks to acquire Canadian payments firm Moneris for up to $2 billion. Moneris, jointly owned by Royal Bank of Canada and Bank of Montreal, is one of Canada's largest merchant payment processors. The negotiations are ongoing, with no agreement yet, and other bidders may emerge. This move aligns with Francisco Partners' strategy to expand its payments investments, as traditional banks retreat from the merchant-payments sector amid competition from fintech companies.