Brookfield closes in on $2 billion deal for Nice’s Actimize
The Canadian investment giant has secured exclusivity in talks to acquire Nice’s financial crime and compliance business.
Brookfield is in exclusive talks to acquire Actimize, the financial crime and compliance business of Israeli software company Nice, for approximately $2 billion, Sky News reported Wednesday.
Sources told Sky News that Brookfield's financial infrastructure arm has secured exclusivity in negotiations with Nasdaq-listed Nice, although the deal has not been finalized and could still fall apart.
If completed, the transaction would deepen Brookfield's push into financial infrastructure, an investment strategy housed within its private equity business. The Toronto-based investment giant's financial infrastructure arm was established with the assistance of Sir Ron Kalifa, the former head of payments company Worldpay.
Brookfield also acquired a stake in Barclays' merchant acquiring business last year in a transaction that will allow it to increase its interest over time, according to Sky News.
For Nice, the reported deal would bring a lengthy sale process closer to a potential conclusion. In November 2025, Calcalist reported that Nice had put Actimize up for sale, with Goldman Sachs and J.P. Morgan advising on the process and a reported asking price of $1.5 billion to $2 billion.
In May, CTech reported that five investment firms had advanced to the next stage of the auction, including Advent International, New Mountain Capital, Veritas Capital, Stone Point Capital and SymphonyAI. Offers were reported at around $2.5 billion, with valuations in the broader process ranging between $2 billion and $3 billion.
The auction had yet to produce a transaction before Brookfield entered exclusive negotiations.
Nice acquired Actimize in 2007 for $280 million. The business develops software used by financial institutions to detect financial crime, including fraud and money laundering, and to meet regulatory and compliance requirements. In 2009, Actimize became a Nice division and was rebranded as Nice Actimize.
Since then, the Israeli-founded business has grown into a significant part of Nice's operations. In 2024, Actimize generated $453.5 million in revenue, or about 16.6% of Nice's total revenue, and $158.3 million in operating profit, representing nearly 29% of the company's total operating profit.
That makes the reported $2 billion price particularly notable. Nice would be selling a business that remains a major contributor to its profitability for more than seven times what it paid for it nearly two decades ago.
The Actimize auction follows a wave of investor bets that artificial intelligence will dramatically disrupt the enterprise software industry, a thesis that some investors increasingly view as overstated.
Actimize itself is increasingly incorporating AI into its products, particularly in fraud prevention and anti-money laundering tools used by financial institutions worldwide.
The reported sale would therefore put one of Nice's most profitable businesses in the hands of an investor focused on financial infrastructure, while Nice continues to operate as a broader enterprise software company.
