Nets, Europe’s second-largest card payment processor, has hired JPMorgan to sell its business for €1-2 billion, according to Reuters.
Nets handles 33 million payments cards every year and saw net profits of €91.5 million in 2012.
Reuters claims that card payments services are attractive for private equity firms because they “offer steady cash flows and are not affected by economic cycles.” Advent and Bain are listed as two possible suitors.
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