Friday 20 March 2015

Abraaj, Helios Said to Be Among Possible Bidders for Actis’ EMP - Bloomberg Business

Abraaj, Helios Said to Be Among Possible Bidders for Actis’ EMP - Bloomberg Business:



"Private-equity firms Abraaj Group and Helios Investment Partners are among potential bidders for Actis’s payment services firm Emerging Markets Payments Group, two people with knowledge of the matter said.



A formal bidding process for EMP, which may fetch about $400 million, could start as soon as this month, the people said, asking not to be identified as the information is private. The sale may also draw rivals that want to expand in emerging markets, they said.



Actis, which has about $6.5 billion of funds under management, according to its website, is working with Morgan Stanley to explore a sale of EMP, people with knowledge of the matter said in February."



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