Corsair Capital to acquire World Fuel's Multi Service payment solutions business for $350m.

Corsair Capital, a private equity firm, agreed to acquire the Multi Service payment solutions business of World Fuel Services, an energy, commodities, and services company, for $350m. “Exiting this line of business will provide us with additional capital to build greater momentum in our core business activities. We thank all of our Multi Service colleagues worldwide for their commitment and contribution to World Fuel Services over the years and we wish them continued success in the future,” Michael J. Kasbar, World Fuel Services Chairman and CEO.