Deals
Advent-Backed Prisma Taps Morgan Stanley for Potential Exit
- Argentine payment processor could have $5 billion value in IPO
- Advent is also considering a potential sale of Prisma
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Private equity firm Advent is exploring options including a possible initial public offering for Argentina-based payments company Prisma Medios de Pago at a valuation of as much as $5 billion, according to people familiar with the matter.
Prisma is working with Morgan Stanley on its review, which could also include a potential sale, the people said, asking not to be identified because the matter is private. Advent could look to float about 30% of Prisma in a US listing this year, they said.