PE Firm Motive Partners Weighs Potential Takeover Of ACI Worldwide

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  • Private equity firm Motive Partners is in talks to snap payments software provider ACI Worldwide, Inc 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 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.
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