Kirkland Advises Francisco Partners on Acquisition of Moneris
Kirkland & Ellis advised global investment firm Francisco Partners (FP) on a definitive agreement to acquire Moneris Solutions Corporation, a leader in Canadian commerce solutions, from Bank of Montreal (BMO) and Royal Bank of Canada (RBC). Under the terms of the agreement, FP will acquire Moneris for cash consideration of approximately C$2.0 billion, with BMO and RBC each receiving a 50% share. Long-term referral agreements have been established with both BMO and RBC, under which they will exclusively refer customers. The transaction is expected to close by the end of the first quarter of BMO and RBC’s fiscal year 2027 but remains subject to customary closing conditions and regulatory approvals, including under the Retail Payment Activities Act (Canada) and clearance under the Competition Act (Canada).
Read the transaction press release
The Kirkland team included corporate lawyers Kyle Elder, Ben Vizvary and Sean Kramer; banking & financial institutions lawyer Kara Kuchar; technology & IP transactions lawyers Martin Schwertmann and Vladimir Khodosh; debt finance lawyers Brian Ford and Andrea Weintraub; and tax lawyer Devin Heckman.
