UK-based Worldpay is now valued at US$9.2 billion and Ingenico rumored is seriously considering gobbling up the payments firm. Worldpay is owned buyout firms Advent International Corp. and Bain Capital.
Ingenico dropped 9.2 percent to 109.85 euros at 1 p.m. in Paris, giving the company a market value of 6.7 billion euros ($7.6 billion).
Ingenico and other providers of hardware terminals including Worldline SA are seeking to tap into growth sparked by a rising number of merchants offering online and mobile shopping.
A decision on a winning bidder could come next month, the people said. Advent and Bain may also choose to proceed with an IPO, they said. Sky News reported Ingenico’s bid on Friday.
London-based Worldpay, which last month named Barclays Plc Deputy Chairman Michael Rake as its next chairman, has approached banks about refinancing its debt before the potential IPO, people with knowledge of the matter have said.
Founded in 1980, Ingenico competes with companies including Vantiv Inc. and Global Payments Inc. It bought Amsterdam-based GlobalCollect in an 820 million-euro deal last year and is seeking to further expand beyond selling hardware to providing services related to the growing online and mobile payment sector. Services accounted for 32 percent of Ingenico’s 2014 sales of 1.6 billion euros, up from 12 percent in 2009.
Advent and Bain Capital bought Worldpay from Royal Bank of Scotland Plc in 2010 for 1.7 billion pounds. The company, which processes in-store, mobile and online payment transactions, reported Ebitda of 375 million pounds last year, on revenue of 3.6 billion pounds, according to its website.
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