Announced

Blackstone-led consortium to acquire a minority stake in Trustly.

Synopsis

A consortium of investors consisting of BlackRock, Aberdeen Standard, Neuberger Berman, Investment Corporation of Dubai and RSIC, agreed to acquire a minority stake in Trustly, an online payments provider, from Nordic Capital, a private equity firm. Financial terms were not disclosed. “At Trustly, we’re leveraging local bank-to-bank payment rails to build a global online banking payments network that enables people to pay directly from their bank accounts in a safe and convenient manner. We welcome BlackRock and the other investors as minority shareholders in Trustly. With their support, we will double-down on developing the online banking payments solution that our merchants and billers and their customers love,” Oscar Berglund, Trustly CEO.

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