Sept. 18 (Bloomberg) -- Warburg Pincus LLC, manager of a $15 billion private-equity fund, may receive as many as six bids for Easycash, the German processor of credit card payments it acquired in 2006, as the auction heads into the second round, two people familiar with the matter said.

The sale may raise between 240 million euros ($353 million) and 270 million euros, said the people, who declined to be identified because the transaction is private. Between three and six second-round offers are expected by the bidding deadline at the end of the month, after due diligence, the people said.

Easycash may draw offers from strategic buyers including Atos Origin SA of France and private equity firms such as Montagu Private Equity LLP and Nordic Capital, the people said. Warburg Pincus bought the Ratingen, Germany-based company in November 2006 for an undisclosed amount. Leveraged buyout firms typically seek to expand companies or improve performance before selling them within five years.

Easycash has about 360 employees, 80,000 customers and conducted 864 million payment transactions in 2008, according to its Web site. Easycash is expected to earn 30 million euros before interest, taxes, depreciation and amortization this year, people familiar with the matter said in June.

Spokesmen for Warburg Pincus and Montagu declined to comment. Spokesmen for Easycash and Atos couldn’t immediately be reached for comment.

To contact the reporter on this story: Aaron Kirchfeld in Frankfurt at akirchfeld@bloomberg.net

Last Updated: September 18, 2009 12:37 EDT