Announced

Advent International to acquire myPOS for €500m.

Synopsis

Advent International, a private equity firm, agreed to acquire myPOS, a payments solutions company, for €500m. "With 500 employees across Europe, it is one of a small group of fast-growing companies, including PayPal Zettle and SumUp, which focus on customers that traditional banks have missed out on. The experience is also better with companies such as myPOS, who offer faster onboarding, better technology and at a lower cost," Fabio Cali, Advent International Director.

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