Nets Acquired by Hellman & Friedman
Hellman & Friedman agreed to acquired Nets for 5.3 billion dollars. The deal is recent in the payments-processing sectors as it continues of the consolidation of the industry.
The deal for Nets comes less than two months after Blackstone Group LP and CVC Capital Partners joined forces to acquire U.K. online payments processor Paysafe Group PLC for about $4 billion.
With this recent transaction in mind, Where do you guys see the sector doing in the future?