Deals
Ingenico Next on Takeover Radar Amid Europe Fintech Frenzy
- PE firms are said to eye payments firm with $5.5 billion value
- Potential suitors may include CVC, Hellman and Bain Capital
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Private equity firms are setting their sights on French payments processor Ingenico Group SA as they scout the market for their next target among Europe’s hottest fintechs, according to people with knowledge of the matter.
The Paris-based company, with a market value of about 4.73 billion euros ($5.5 billion), is drawing preliminary interest from several buyout firms, some of which are discussing the feasibility of taking it private, the people said, declining to be identified as the deliberations are confidential. Potential suitors include CVC Capital Partners, Hellman & Friedman and Bain Capital, as well as rival fintech companies, they said. The company is in talks with advisers about preparing for a potential offer, they said.