Announced
Completed
Financials
Tags
Payments / Commerce
Singapore
Single Bidder
financial services provider
digital payment
Majority
United Kingdom
ecommerce
credit card services
Friendly
Private Equity
Acquisition
Private
Cross Border
Completed
Synopsis
WEX, a financial technology service provider, completed the acquisition of eNett International, a provider of B2B payments solutions to the travel industry and Optal, a company that specializes in optimizing B2B transactions, from private equity firms Siris Capital Group and Elliot Management for $578m. “We are pleased to be joining forces with WEX to offer leading travel companies globally an enhanced and unrivaled suite of innovative payment solutions. We look forward to working with the WEX team to successfully integrate our complementary assets, including our technology, products, and most importantly, our people,” Anthony Hynes, eNett Managing Director and CEO.
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