Brookfield / Barclays Merchant Acquiring 2024
Brookfield Asset Management acquired Barclays Merchant Acquiring on November 20, 2024.
- Target
- Barclays Merchant Acquiring
- Acquirer
- Brookfield Asset Management
- Announced
- November 20, 2024
- Sub-sector
- Payments
Transaction overview
- Brookfield Asset Management announced the acquisition of Barclays Merchant Acquiring on November 20, 2024.
Strategic rationale
Brookfield to invest in growth of Barclays' No. 3 European merchant acquiring business while Barclays exits non-priority segments.
Deal terms & multiples
Sources
- americanbanker.com /payments/news/paypal-expands-stablecoin-and-barclays-selling-merchant-business