22 September 2017
Find out more

Danish payments processor Nets close to $5bn buyout

01 September 2017  |  13159 views  |  0 Buy Road sign

Nets, the largest payments processor in Scandinavia, is rumoured to be close to a private equity buy-out that would value the company at more than $5bn, according to a report from the Financial Times.

Sources close to the discussions revealed to the paper that the Nets board met last week to decide on a buyer following an auction that has drawn the interest of the market. US firm Hellman & Friedman is believed to be in pole position.

Nets chief executive Bo Nilsson said earlier this month that Nets is seeing "considerable interest" from potential buyers, including other payment processing players as well as private equity groups. 

Should the deal go through on the the reported terms, with Nets shares valued at $5.01bn, it would be the largest leveraged European buy-out in more than four years, surpassing the recent purchase of German pharma firm Stada which was acquired for $4.1bn.

It would also be another big deal in the payment processing space following US-based Vantiv's acquisition of UK-based Worldpay for $10.35bn that was finalised in August. 

The spate of buy-outs comes at a time when payment processors are seeking ways to cut costs and build scale as the industry moves towards digital payments and also when private equity groups and investors continue to benefit from low interest rates and cheap financing. 

Nets was itself bought by a consortium of private equity firms in 2014 and was then listed in Denmark in 2016. Talk of a takeover in the last three months have helped to boost Nets share price by 16% during that period. 

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Worldpay and Nets shares spike on takeover talks

Worldpay and Nets shares spike on takeover talks

04 July 2017  |  7048 views  |  0 comments | 5 tweets | 4 linkedin
Nets experiments with finger payments at Idea Lab

Nets experiments with finger payments at Idea Lab

28 June 2017  |  8649 views  |  0 comments | 8 tweets | 11 linkedin
Nets warns of card data breach

Nets warns of card data breach

26 October 2016  |  11235 views  |  0 comments | 8 tweets | 9 linkedin
Nets valued at $4.5 billion in IPO

Nets valued at $4.5 billion in IPO

23 September 2016  |  5881 views  |  0 comments | 7 tweets | 3 linkedin
Nets files for IPO

Nets files for IPO

01 September 2016  |  6261 views  |  2 comments | 7 tweets | 1 linkedin
Advent and Bain in talks to buy Nordic payments firm Nets - Reuters

Advent and Bain in talks to buy Nordic payments firm Nets - Reuters

18 March 2014  |  6684 views  |  1 comments | 9 tweets | 4 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.abe-eba.euvisit www.capgemini.comvisit www.vasco.com

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
12746 views comments | 26 tweets | 42 linkedin
Equifax hack: Visa and Mastercard flag 200k compromised credit cardsEquifax hack: Visa and Mastercard flag 200...
11040 views comments | 6 tweets | 17 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
9577 views comments | 6 tweets | 3 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8278 views comments | 18 tweets | 27 linkedin
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
8062 views comments | 13 tweets | 27 linkedin

Featured job

Find your next job