View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
September 25, 2017

Payments buy up continues with $3.5bn Nets A/S deal

This payments takeover deal follows the $10 billion merger between Vantiv and UK payments leader Worldpay. Is a trend emerging?

By Tom Ball

American private equity firm, Hellman & Friedman, has begun a $5.3 billion acquisition deal with leading Scandinavian payments provider, Nets A/S.

Achieving the status of Europe’s largest leveraged takeover in close to five years, the deal reveals strong interest in leaders in the payments space.

Central to the deal are Bain Capital and Advent International, firms that previously bought Nets in 2014. Upon completion of the deal, Hellman & Friedman will command a majority of Nets, with involvement of co-investors.

Payments buy up continues with $3.5bn Nets A/S deal

Another major acquisition in the payments space came recently when payments firm Vantiv, also an American company, merged with the UK payments leader, Worldpay.

This huge deal nearing $10 billion will see the combined entity of Vantiv and Worldpay provide a strong position in both the U.S. and UK markets. With headquarters set to remain in London, Worldpay has boasted control of 40 per cent of all UK payment transactions.

At the time of this previous deal, Nets A/S also announced that it had been approached, with rumours at the time indicating that Visa and Mastercard may have shown interest. This growing theme of payment firm takeovers points to major organisations potentially looking to corner a market on the brink of dramatic digital change and development.

Content from our partners
Green for go: Transforming trade in the UK
Manufacturers are switching to personalised customer experience amid fierce competition
How many ends in end-to-end service orchestration?
Worldpay takeover: JPMorgan and Vantiv circle, share price soars
Virgin Money readies for London Marathon with Worldpay payment platform
Worldpay closes £9.3bn merger deal with US giant Vantiv

Digital disruption is quickly engulfing the payments industry, with new biometric approaches even gaining a great deal of attention. UK supermarket, Costcutter, has recently engaged in the use of a device capable of mapping the veins in the finger to verify payments.

Biometrics is also being explored by Barclays bank, now allowing customers to utilise their iPhones to make payments via a Siri voice command. This initiative is targeting heightened efficiency, as there will be no need to open an app or sign in. Adding another layer of security to this process, the Apple fingerprint recognition will be required for final confirmation.

Topics in this article : , , ,
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU