Private fairness owners of British payment processing company warned against backing bid from rival French firm due to risks involvedThe planned £6bn flotation of Worldpay is back on track after one of its private fairness backers warned of the risks of backing a bid from French rival Ingenico.
Bain Capital,one of the two main backers of the British payment processing company, is fitting increasingly nervous about agreeing to a deal with Ingenico. It believes the risks attached to such a transaction are high, and given that the French group would be doubling its market capitalisation to achieve the deal. It would also need shareholder approval.
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Source: theguardian.com