Advent International, Danish pension fund ATP and Bain Capital have agreed to acquire Nets, a provider of payments, information and digital identity solutions, for DKK17 billion ($3.1 billion). In addition, the company's shareholders will receive a DKK498 million ($92 million) dividend for 2013. Founded in 1968, Nets employs 2,600 employees in five countries and handled more than 6 billion card transactions in 2013, supporting more than 33 million payment cards and over 500,000 merchants in the Nordics.
Bain and Advent International are each investing DKK2.6 billion ($482 million) of equity capital in the deal; ATP is investing DKK150 million ($27.8 million). The company is currently controlled by a group of owners that includes Danske Bank (16.13% stake) and Nordea (20.7%).