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Billion Dollar Digital Payments Buyout Attracts Big Name PE Funds

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March 20, 2014

This week’s buyout of the week is a USD 2.8 billion acquisition by Advent International and Bain Capital, which was reported first by Reuters.   The two are in a consortium set to buy a Danish card payment company Nets Holding.

 

They already own a stake in ePayment company WorldPay.  They outbid Permira (in partnership with Canada Pension Plan, French IT services company Atos)and a consortium led by Swedish private equity firm Nordic Capital. Nets is currently owned by a consortium of Nordic banks. 

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