Bain and Advent in exclusive talks to buy card payment firm Nets: Reuters
Private equity firms Advent International and Bain Capital have entered exclusive talks to buy Danish card payment services company Nets Holding for more than 2 billion euros (US$2.8 billion), two people familiar with the matter said on Monday, Reuters reports. Advent and Bain, which jointly own British payment processing company WorldPay and have teamed up for the Nets bid with Danish state-owned pension fund ATP, beat three other bidders in the final round of the auction, the sources said. The three other bidders were private equity fund Permira in partnership with Canada Pension Plan Investment Board (CPPIB), French IT services company Atos and a consortium led by Swedish private equity firm Nordic Capital.
18 March 2014•1 min read
