TITLE

Advent Targeting Payment Processors

AUTHOR(S)
Holman, Kelly
PUB. DATE
April 2010
SOURCE
American Banker;4/27/2010, Vol. 175 Issue 64, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the private-equity firm Advent International has changed its initial plan of investing in troubled banks to focus on banks' transaction processing businesses. According to the article, the firm's interest in payment processing businesses is linked to the expectation that the electronic transaction industry will benefit from an increase in consumer and corporate spending. The history of Advent's focus on payment processing is discussed.
ACCESSION #
49802018

 

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