Advent and Bain in £2bn RBS deal

The deal will generate £900m profit for the bank, and is set to be announced in conjunction with the first-half results for RBS today. RBS is expected to receive £1.6bn from the investors for the credit card payment processing business, with the bank retaining a small stake.

It is believed that £1.4bn will be paid up front, with £250m being deferred to a later date. The acquisition of GMS would be the largest deal in the UK for almost three years, but lower than the rumoured £2.5bn price tag mentioned last month.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• DACH
• France
• Nordics
• Southern Europe
• CEE
• UK / Ireland
• Benelux
• Financials
• Buyouts
• Advent International
• Royal Bank of Scotland