The transaction would transfer ownership of one of Canada’s largest payments and commerce technology providers while preserving long–term relationships with its two founding banks.
Royal Bank of Canada and BMO Financial Group have agreed to sell their jointly owned payments company, Moneris Solutions Corporation, to technology investment firm Francisco Partners for approximately $2 billion in cash.
RBC and BMO each own 50% of Moneris. As part of the transaction, the two banks will establish new exclusive, long–term referral agreements with Moneris, allowing them to continue connecting business clients with the company’s payment and commerce services after the sale.
Toronto–based Moneris has operated for 25 years and has grown into one of Canada’s largest commerce solutions providers. The company supports payment acceptance and related services at more than 325,000 points of commerce, offering solutions designed for businesses ranging from small merchants to large enterprises.
Francisco Partners is expected to use its technology and financial–services experience to support Moneris’ next phase of growth. The investment firm has experience with financial technology and payments businesses, including companies involved in embedded payments, commerce gateways and point–of–sale technology.
For Moneris, the new ownership is intended to provide access to Francisco Partners’ global resources while allowing the company to continue concentrating on the Canadian market. The stated objective is to accelerate investment in modernization, technology and services for Canadian businesses.
RBC said its relationship with Moneris will continue after the sale through the new referral arrangement. Sean Amato–Gauci, RBC’s Group Head of Commercial Banking, said the transaction is intended to build on Moneris’ existing technology, workforce and client relationships while supporting further investment in its services.
The deal is expected to close by the end of RBC’s first quarter of fiscal 2027, provided customary closing requirements are met, including regulatory approvals.
For RBC, the transaction is expected to produce an after–tax gain of approximately $475 million, or $560 million before tax, when the sale closes. The bank said the estimate remains subject to change. RBC also expects the transaction to have a marginally positive effect on its common equity Tier 1 capital ratio and does not anticipate a significant effect on its ongoing earnings.
RBC Capital Markets is serving as financial adviser to RBC, while Blake, Cassels & Graydon LLP is providing legal counsel.
The proposed sale represents a change in Moneris’ ownership structure while maintaining an ongoing commercial connection between the company and Canada’s two major banks. The transaction remains subject to regulatory approval and other closing conditions.
Key Takeaways
- RBC and BMO have agreed to sell jointly owned Moneris to Francisco Partners for about $2 billion in cash.
- RBC owns 50% of Moneris, meaning its share of the stated purchase consideration is approximately $1 billion, before transaction–related adjustments.
- The banks will maintain relationships with Moneris through exclusive, long–term customer referral agreements.
- Moneris serves more than 325,000 points of commerce across Canada and has operated for 25 years.
- RBC expects an estimated $475 million after–tax gain when the transaction closes.
- Closing is expected by the end of the first quarter of fiscal 2027, subject to regulatory and other customary conditions.
Sources
- Royal Bank of Canada (RBC) — original announcement supplied by the user: “RBC announces sale of Moneris to Francisco Partners,” Aug. 10, 2026. RBC Newsroom announcement
