Apex files for IPO, Visa buys Prosa, ABN Amro acquires Bux (TWIF 12/17)

Two years ago, clearing and settlement platform Apex Fintech filed for a $4.7 billion SPAC. This week, the company filed confidentially for IPO, and expects to hit $418 million in operating revenue in 2023, with adjusted EBITDA of $178 million.

British commodities broker Marex Group picked the New York Stock Exchange for an IPO that could value it at $1.8 billion.

International payment network Visa agreed to acquire a majority interest in Mexican payment processor Prosa, which will operate as an independent company with its own technology infrastructure under the agreement, while Visa looks to expand Prosa’s product offering with new digital solutions. Prosa was previously seeking a buyer at a $1 billion+ valuation in 2021.

Dutch bank ABN Amro agreed to acquire online stockbroker BUX for $100 million in order to boost its retail investment and digital presence. The fintech had previously raised $115.8 million over 8 rounds.

TMX Group, the owner of the Toronto Stock Exchange, acquired a 78% stake in American data analytics company VettaFi for $848 million.

Ebury, a UK provider or international payments and collections, foreign exchange and cash management services, acquiredPrime Financial Markets for an undisclosed sum in order to establish a presence in Africa.

EquiLend, a platform for electronic securities lending and borrowing, will sell itself to private equity firm Welsh, Carson, Anderson & Stowe for $800 million.

Tax Systems, a tax compliance software supplier to the UK and Ireland, will acquireTaxModel, a Dutch provider of tax technology.

Ncontracts, a provider of compliance, risk, and vendor management solutions to financial services, acquiredQuantivate, a compliance software provider to banks and credit unions.

M2P Fintech, an Asian open banking platform, will acquireGoals101, a Transaction Behavioural Intelligence provider in India and Asia, for a sum "in the millions."

Private equity firm Motive Partners acquired a controlling stake in Australian-listed BNPL firm Splitit Payments, for $25 million up-front and $25 million conditional on performance hurdles.

beqom, a provider of compensation and performance management solutions, will acquirePayAnalytics, a pay and workplace equity software provider.

Vertex, a provider of indirect tax solutions, made a bid to acquire e-invoicing vendor Pagero for $555 million.

Cable television provider Altice USAis in talks to sell financial news streaming service Cheddar private equity firm Regent.

Mirae Asset Securities, a South Korean institutional capital markets provider, will acquire French bank BNP Paribas' Indian retail brokerage unit, Sharekhan, for ₩487 billion ($370.11 million).

Midsize American bank Codorus Valley, which operates PeoplesBank in Pennsylvania and Maryland, will merge with Orrstown Financial in an all-stock deal, creating a bank with $5.2 billion in assets.

Private equity firm Bain Capitalsold a stake worth $448 million in Indian private lender Axis Bank.

Global Payments, currently worth $32.4 billion,is weighing an acquisition of Shift4 Payments, worth $6.1 billion.

Private equity firm Apollo Global is weighing a bid for the UK's Pension Insurance Corporation at a valuation of about £5 billion pounds.

Webster Financial Corporation – the owner of principal bank Webster Bank – agreed to acquireAmetros, a custodian and administrator of medical funds from insurance claim settlements, from private equity firm Long Ridge Equity Partners.

The process to sell the venture-capital arm of bankrupt SVB Financial – the former parent of Silicon Valley Bank – to SkyBridge Capital and Atlas Merchant Capital, has fallen flat and creditors are now gearing up for a potential takeover of the business.