Private equity firm Motive Partners is reportedly working to acquire ACI Worldwide
IN BRIEF:
- Bloomberg reported that Motive Partners has been seeking financing for a potential deal for weeks
- The report confirmed that no deal had been finalised and discussions could fall through
- According to the report, ACI Worldwide had a market value of $2.5bn on Thursday and has been a takeover target for months
What does this mean?
The company is seen as a target for a takeover both because it is one of the payments industry’s smaller players and due to the considerable consolidation that has taken place in the sector over the past few years, according to the report.
