Clear2Pay, the Belgian financial services and electronic payments company is up for sale by Private equity firm Aquiline Holdings LLC, according to two people familiar with the
Clear2Pay for sale?
situation – according to Reuters.
New York-based Aquiline has not yet hired a bank to oversee the sale which could fetch around 400 million euros ($552 million), said one of the sources, who wished to remain anonymous because they are not permitted to speak to the media.
quiline was not immediately available for comment.
Aquiline invested in Brussels-based Clear2Pay in December 2009. The company, which facilitates payments for banks and financial institutions, has an array of global financial services clients including ING Groep, Banco Santander and Bank of New York Mellon Corp, according to its website.
Possible bidders for Clear2Pay could include technology companies with significant business from banks, like Oracle Corp or SAP AG, or financial services oriented technology providers like Fiserv, the source said.
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