FRANCE - AXA Private Equity backs buyout of payment software business
In a management buyout, AXA Private Equity has acquired the majority of the shares of Welcome Real-time, a provider of payment software for financial institutions and payment networks.
Welcome has bank customers in 21 countries around the world. Revenues have been growing at 50% per year. The company’s 140 employees are based in Aix-en-Provence, Singapore, Sao Paulo, Paris, London, Milan, Madrid, Miami and Shanghai.
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