GPN + HPY
Atlanta-based Global Payments has inked a definitive agreement to acquire NJ-based Heartland Payment Systems.
The cash-and-stock transaction is valued around $4.3 billion.
Green Dot 3Q/15
CA-based prepaid card specialist Green Dot reported financial reported consolidated GAAP and non-GAAP total operating revenues of $146.4 million and $146.5 million, respectively, following the major loss of MoneyPak. Green Dot generated net cash from operations of $114 million year to date.
WEX + EFS
ME-based WEX has entered into a definitive agreement to acquire Electronic Funds Source for $1.1 billion in cash and 4.0 million shares of common stock to be issued to investment funds affiliated with Warburg Pincus, EFS’ current owner. The acquisition is expected to be immediately accretive to adjusted net income.
SuperCom + Prevision
Herzliyah, Israel-based Supercom is acquiring Prevision. SuperCom specializes in solutions for e-government, public safety and mobile payments.
JetPay + ACI
JetPay has closed on the acquisition of ACI Merchant Systems, a Langhorne, PA- based debit and credit card processing company. The combined company will process approximately $20 billion in payments for approximately 14,000 businesses throughout the USA.
Deluxe + Wausau
This week Deluxe acquired Wausau Financial Systems in an all cash transaction for $90 million, net of cash acquired. Wausau provides software-based solutions for receivables management, lockbox processing, remote deposit capture and paperless in-branch solutions to a broad list of financial institutions, utilities, government agencies and telecommunications companies.
Blackhawk + Parago
Prepaid card specialist, Blackhawk Network, has inked a deal to acquire Parago for about $290 million. Parago is a provider of end-to-end engagement management programs for consumers, sales channels and employees has more than 250 customers, including Fortune 100 companies, multi-national corporations and global consumer brands.
DirectCash Acquires Ezeatm
DirectCash Payments entered into an agreement to acquire the ATM business of EzeATM. The transaction is expected to bolster the Company’s existing leading position in Australia.
Global Payments Announces Latest Acquisition
Global Payments entered a definitive agreement to acquire Ezi Holdings Pty Ltd (Ezidebit) for AU$305 million, an integrated payments company focused on recurring payments verticals and markets its products through a network of integrated software vendors and direct channels to numerous vertical markets. The transaction is expected to close during the second quarter of Global Payments’ 2015 fiscal year, subject to receipt of regulatory approvals in Australia and the satisfaction of customary closing conditions. Global Payments expects the transaction to contribute approximately US$25 million in revenues and to be slightly additive to total company cash operating margins. Additionally, it is anticipated that the transaction will be modestly accretive on a cash earnings basis for fiscal 2015 and dilutive to fiscal 2015 GAAP earnings per share.
GPN + Ezidebit
Global Payment (GPN) has entered a definitive agreement to acquire Ezidebit. Founded in 1998, Ezidebit is focused on recurring payments verticals in Australia and New Zealand. Similar to Accelerated Payment Technologies and PayPros,
Serious eWallet Progress
Online money transfer company Optimal Payments Plc said it expects to beat its forecast for the full-year after robust sales at its high-margin Neteller e-wallet business drove first-half pretax profit up 78 percent. The company’s shares rose as much as 7.8 percent to 510 pence in early trade on the London Stock Exchange on Wednesday. Pretax profit jumped to $27.5 million for the six months ended June 30, from $15.5 million a year ago.
FleetCor to Acquire Comdata
FleetCor Technologies fuel cards and workforce payment products has signed a definitive agreement to acquire Comdata from Ceridian for $3.45 billion. Concurrent with the closing of the acquisition, a representative from THL will be appointed to the FleetCor board of directors.Comdata provides fleet, virtual card, and gift card solutions to over 20,000 customers and has approximately 1,300 employees to facilitate over $54 billion in payments annually. Cash payments will be used to pay off Comdata’s outstanding indebtedness.