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Advent, Bain To Jointly Bid For PI

Advent International and Bain Capital have come together to bid for Nordic Capital-owned electronic payments provider Point International.

Advent International and Bain Capital have come together to bid for Nordic Capital-owned electronic payments provider Point International (PI), Reuters reports. The deal may generate between €700 million and €950 million for PI.

The sale is being handled by J.P. Morgan and final bids are due to come by the end of this month. Payment-processing firms Tsys and First Data, controlled by U.S. buyout firm Kohlberg Kravis Roberts, are also eying PI.

Click here for the story from Reuters.

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