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American private equity firm makes $5.3bn offer for Nets

September 25, 2017

In response to media speculation, Nordic payments processor Nets has confirmed that it has received a DKK 33.1 billion ($5.3 billion) takeover offer.

Evergood 5, a newly formed firm controlled by funds managed and advised by American private equity firm Hellman & Friedman, has made a recommended voluntary takeover offer to acquire Nets – offering DKK 165 ($26.4) for each share in cash, valuing the entire issued capital of the company at $5.3 billion.

The board of directors of Nets recommends that shareholders accept the offer, when made.

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