BluePay final bids due in October; GTCR drops out

BluePay Processing, TA Associates, private equity, merger, M&A
One of two female customers is holding mobile phone over credit card reader for contactless payment transaction in the coffee shop. Coffee cups and glasses are on the table. Photo courtesy of EXTREME-PHOTOGRAPHER/E+/Getty Images
  • TA acquired BluePay in 2013 for more than $200 mln
  • TA’s sale of BluePay began in June
  • BluePay expected to fetch $700 mln to $800 mln
Final bids for BluePay Processing have been pushed to early October, according to two sources. Offers for the Naperville, Illinois, payment-processing-services provider had been expected in September but were pushed back, one of the sources, a banker, said. The BluePay ...

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