Hellman & Friedman, a private equity investment firm, completed the acquisition of a 94.1% stake in Nets, a payments processor, in a $5.3bn deal. “I am delighted that our offer has been accepted. Our focus now will be on working in conjunction with the management team to drive operational excellence within the existing business, while assessing options for geographical expansion and technological development through acquisition. Nets has a bright future under private ownership and we are committed to growing the business into a best-in-class European payments champion,” Stefan Götz, Hellman & Friedman Partner.