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Strategics out of BluePay auction

Only private equity remains in the running for BluePay Processing, the payments company that’s up for sale, three sources said.

No strategics are left in the auction, people said. First Data was previously mentioned as possibly interested but it apparently is no longer involved, people said.

Three PE firms are vying for BluePay, sources said. They include Advent International, Onex Corp and Warburg Pincus, people said. Final bids for the company are due Oct. 6, people said.

TA Associates put BluePay up for sale in June. Credit Suisse and Raymond James are advising. BluePay is expected to fetch $700 million to $800 million, Buyouts has reported.

Offers for BluePay were originally expected in September. The BluePay auction underwent a course correction after Vantiv made its $10 billion deal for WorldPay, Buyouts reported. Both WorldPay and Vantiv were seen as potential buyers of BluePay, the story said.

BluePay, Naperville, Illinois, provides payment-processing services for merchants and suppliers in the U.S. and Canada. The company offers services to more than 47,000 businesses and processes $14 billion in transactions annually.

Credit Suisse, Raymond James, Advent and Warburg declined comment. Executives for TA, Onex and First Data could not be reached for comment.

Action Item: Contact BluePay CEO Bala Janakiraman at +1 866-739-8324

Photo of customer and cashier in a store paying using a contactless card courtesy of TommasoT/E+/Getty Images