Buyout shop Nordic Capital is planning to exit its investment in payment processing business Point International, Reuters reported. The firm hired JP Morgan to manage a sale. The company could fetch as much as 300 million euro ($434 million), Reuters estimated.
(Reuters) – Private equity firm Nordic Capital has hired JP Morgan to sell payment processing business Point International, four people familiar with the process said.
The sale is expected to attract rival payments processing firms and private equity groups and could yield about 300 million euros ($434.1 million) for Nordic Capital, two of those people said.
Nordic Capital declined to comment.
(Additional reporting by Sven Nordenstam in Stockholm; Editing by Steve Slater)
($1=5.430 Norwegian Crown)