- Moneris U.S. is a division of Canadian payments processing giant Moneris Solutions, owned by Royal Bank of Canada (NYSE:RY) and Bank of Montreal (NYSE:BMO). The price could be somewhere near $600M.
- Along with Vantiv (VNTV), First Data Corp. (NYSE:FDC) has also shown interest, as have private equity shops like Warburg Pincus, Bain Capital, and SIlver Lake.
- The P-E firms have also expressed interest in buying Moneris Solutions for as much as $6B, though that's not currently on the block.
- Second round offers are due in about a week, according to the report.
- A relatively small player in the U.S., Moneris U.S. generates about $45M in EBITDA.