Private equity bidding for RBS' WorldPay
Recent press reports suggest that private equity parties will figure strongly in the second round of bidding for RBS’ payment processing business WorldPay.
CVC Capital Partners, TPG and Warburg Pincus are all believed to have submitted individual bids, while Advent International and Bain Capital have teamed up; only one trade bidder is thought to have made it through to the second round.
The target is expected to fetch upwards of £2.5bn.
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