(Reuters) – Royal Bank of Scotland (RBS.L) is reviewing six second-round bids for its $4 billion payment-processing arm, and will soon pick two or three suitors for a final round of bidding, people familiar with the matter said.
RBS could pick the shortlist as early as next week and aims to agree the sale of its Global Merchant Services (GMS) business during the third quarter, one of the people said.
The six bidding groups are: Clayton, Dubilier & Rice (CD&R); American Express Co (AXP.N) and Permira [PERM.UL]; Atos Origin SA (ATOS.PA), CVC Capital Partners [CVC.UL] and Welsh, Carson, Anderson & Stowe; Advent International and Bain Capital; Canada’s Moneris Solutions; and TPG [TPG.UL], the people said.
Previous suitor Warburg Pincus [WP.UL] is no longer bidding, they added.
RBS declined to comment. Moneris could not immediately be reached for comment. The other bidding groups either declined to comment or had no immediate comment.
Europe’s competition regulators compelled RBS to sell GMS, which includes the WorldPay business, after the bank took tens of billions of pounds in state support. The business could fetch some 2.5 to 3 billion pounds ($3.7 to $4.4 billion). ($1=.6783 Pound) (Reporting by Quentin Webb, Simon Meads and Clara Ferreira-Marques; Editing by Jon Loades-Carter)