PE firms Blackstone and CVC joined a rush to snap up payments companies with a $3.7bn bid for Paysafe Group which offers pre-paid cashcards and online wallets.
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Private equity bid for Paysafe stokes payments M&A boom
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Danish payment services firm Nets A/S said in early July that it had been approached by potential buyers, while days later U.S. credit card processor Vantiv agreed to buy Britain's Worldpay for 7.7 billion pounds to expand outside the United States. That has been followed by a 1.5 billion euro bid on Thursday for Stockholm-based Bambora by France's Ingenico, and, on Friday, news that private equity firm Permira had bought a stake in Sweden's Klarna.
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