Helios Consortium to acquire the remaining 49.67% stake in CAB Payments for $292m.

Helios Consortium, a private equity investment firm, offered to acquire the remaining 49.67% stake in CAB Payments, a transactional banking provider, for $292m. The Helios Consortium believes after CAB Payments’ challenging period as a listed company, including a profit downgrade, executive leadership change and a withdrawn possible offer from StoneX Group Inc., the long-term success of the business will be better supported under the Helios Consortium’s private ownership.