Announced
Financials
Tags
Private Equity
Cross Border
Acquisition
Public
Friendly
Pending
Payments / Commerce
payment processing
United Arab Emirates
Majority
Later Bidder Won
Synopsis
Brookfield agreed to acquire Network International, a technology-enabled payments solutions provider, for £2.2bn. "The strength of Network's people and technology platform has enabled it to build on its position as a leading payment solution provider across the Middle East and Africa. The Enlarged Group will be well positioned to serve its customers and partners, and support the acceleration of digital payments in the markets it serves," Ron Kalifa, Network Chairman. Network recommended Brookfield's offer over the one from Francisco Partners and CVC Capital.
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