GERMANY - Private equity interest in Warburg's easycash
Reports indicate that several private equity firms are among the interested parties who have submitted first round bids for Warburg Pincus' credit card transaction business Easycash GmbH.
Warburg Pincus acquired Easycash in late 2006 from First Data International, when the latter was forced to divest the business as part of merger control clearance following its acquisition of GZS Gesellschaft für Zahlungssysteme mbH in June 2006.
Ratingen-based Easycash offers customised card-based payment solutions and credit card routing for a broad range of merchant customers. The company operates 190,000 active terminals and has 360 employees. The company was founded in 1992.
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