PE Firm Motive Partners Weighs Potential Takeover Of ACI Worldwide

https://cdn.benzinga.com/files/images/story/2023/03/17/aciw.png?optimize=medium&dpr=2&auto=webp&crop=1200%2C800

• Private equity firm Motive Partners is in talks to snap payments software provider ACI Worldwide, Inc (NASDAQ: ACIW).

• The financial terms of the deal remain undisclosed.

• Motive has been seeking financing in recent weeks for a potential deal for ACI, Bloomberg reports citing familiar sources.

• Reportedly, ACI, which has long been a takeover target, is working with a financial adviser to field takeover interest.

• ACI offers various payment services to banks, merchants, and other customers, including a platform for handling in-store transactions and fraud-detection services.

• Former JP Morgan Chase & Co (NYSE: JPM) executive Blythe Masters founded Motive invests across technology-enabled financial and business services in North America and Europe.

• In March, ACI reported a fourth-quarter revenue decline of 3.2% year-on-year to $451.81 million, beating the consensus of $426.81 million.

• EPS of $1.00 beat the consensus of $0.91.

• Price Action: ACIW shares closed higher by 13.6% at $25.78 on Thursday.

Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.

This article PE Firm Motive Partners Weighs Potential Takeover Of ACI Worldwide originally appeared on Benzinga.com

.

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.