Update on March 24, 2014:
Advent International Corporation, Arbejdsmarkedets Tillaegspension (ATP) and Bain capital, LLC (the consortium) have signed an agreement to acquire 100% of the share capital of Nets Holding A/S, a provider of payments, card and information services, from the existing shareholders, a group of 186 primarily Danish and Norwegian banks, for DKK 92.37 ($17.07) per share. The transaction is valued at DKK17,000 million ($3,142.43 million) in cash.
Advent International and Bain capital are private equity firms, while ATP is a pension services group. Advent International and Bain capital are based in the US, while Nets and ATP are based in Denmark.
In addition, the shareholders will receive the dividend for 2013 totaling DKK498 million ($92.05), or DKK2.7 (0.49) per share.
Nets employs 2,600 employees. The transaction is expected to close in the second quarter of 2014.
Rumor (December 17, 2013):
According to Reuters, sources reported that Nordic Capital Limited and TryghedsGruppen smba are planning to make a bid for Nets.
Nordic is a Sweden-based private equity firm, while TryghedsGruppen smba is a holding company.
Currently, Danmarks Nationalbank 9.9% of shares in Nets, while Nordea Bank AB holds around 20%, DnB NOR ASA around 18% and Danske Bank A/S up to 17%.
The transaction is reported to be valued at approximately between EUR1,000 million and EUR2,000 million.
Reportedly, EQT Partners AB and Goldman Sachs & Co.; the consortium are also among the potential bidders for Nets.
JPMorgan Chase & Co. is considered to be acting as financial advisor to Nets.