BMO and RBC sell Moneris Solutions to Francisco Partners in $2 billion deal
TORONTO: BMO Financial Group (TSX: BMO) (NYSE: BMO) announced today that it has entered into an agreement, alongside Royal Bank of Canada, to sell jointly-owned Moneris Solutions Corporation to Francisco Partners, a leading technology investment firm. The all-cash transaction values Moneris at approximately $2.0 billion, with BMO receiving a 50% share of the proceeds, according to a…