Global private equity firm Advent International and alternative asset management firm Bain Capital are in exclusive talks for the purchase of Danish card payment services company Nets Holding for more than EUR2bn ($2.8bn).
Reuters reported that Advent and Bain Capital have partnered with Danish state-owned pension fund ATP, beating out three rival bidders in the last round of auction.
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The three other bidders were private equity fund Permira in partnership with Canada Pension Plan, French IT services company Atos and a consortium led by Swedish private equity firm Nordic Capital.
Nets Holding, which is privately owned by shareholders including Nordic banks Nordea, DNB and Danske Bank, was put up for sale last year, while JP Morgan was hired to advise on the auction.
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