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Updated: Monday, April 21, 2014

Equinox opens new chapter

Scottsdale, Ariz.-based Equinox Payments LLC, an entity formed by private equity firm The Gores Group in August 2011, is in transition. Equinox was formed as a result of an anti-trust settlement agreement between the U.S. Department of Justice and VeriFone Inc. The agreement required VeriFone to separate aspects of its business from Hypercom Corp. for its acquisition of Hypercom to be approved.

On Feb. 6, 2014, Toronto-based NBS Payment Solutions Inc., a wholly owned subsidiary of Brookfield Asset Management, acquired substantially all of Equinox Payments' assets for an undisclosed sum.

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