Deals
EQT Taps FT Partners to Sell Payments Firm Banking Circle
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EQT AB is working with boutique investment bank Financial Technology Partners to find buyers for payments-services provider Banking Circle, which could fetch $3 billion to $4 billion, according to people familiar with the matter.
A sales process for the Luxembourg-based company is slated to kick off in the first quarter of 2025, said one of the people, who asked to not be identified because the details aren’t public. The company could appeal to private equity firms and large credit card and banking companies, the person said. Morgan Stanley is co-advising on the process, the people said.