ACI Worldwide mulls potential sale
Payments software firm ACI Worldwide is reportedly considering a sale and is in talks with private equity firms, according to a Bloomberg report.
ACI Worldwide reportedly mulling sale
The Florida, US-based firm is working with financial advisors as it gauges interest levels, sources tell Bloomberg. The news follows two years after Barrons reported that ACI Worldwide had roped in Goldman Sachs to explore a sale.
One of the sources familiar with the matter says there is “no certainty ACI will reach a deal given the rocky state of the leveraged financing markets”.
ACI’s shares rose by 14%, its biggest jump since March 2020, after falling by 35% in the past year, giving it a valuation just short of $3 billion.
Founded in 1975, ACI Worldwide offers real-time payments software to organisations, fintechs and financial firms to manage and process digital payments, omni-commerce payments and bill payments, as well as manage fraud and risk.
In November, it appointed an interim CEO after parting ways with former CEO Odilon Almeida.
