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Vantiv completes acquisition of payment processing solutions provider

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Vantiv completes acquisition of payment processing solutions provider

Vantiv Inc. completed its acquisition of payment processing solutions provider Moneris Solutions Inc.

The agreement was made by and among Vantiv unit National Processing Co.; Moneris Solutions Corp., the owner of all of the issued and outstanding equity interests of Moneris Solutions Inc.; and another unit of Vantiv, Vantiv LLC, as guarantor of National Processing's obligations under the transaction agreement.

At the closing, National Processing purchased from Moneris Solutions Corp. all of the issued and outstanding shares of Moneris Solutions Inc. for $429.6 million in cash.