SWFI First Read, September 25, 2017

Hellman & Friedman Pole for Nets A/S with GIC Help

Private equity firm Hellman & Friedman LLC finalized a deal, partnering with GIC Private Limited, to acquire Copenhagen-based Nets A/S, the biggest payment processor in the Nordic region, in a 31.1 billion DKK (US$ 5.3 billion) buyout. Some of Nets largest shareholders are private equity firms Bain Capital and Advent International. Bain Capital and Advent International are re-investing into the transaction and will have a 16% minority stake post-deal.

The financial advisor for Nets is JPMorgan. Morgan Stanley, Deutsche Bank, MHS Corporate Finance and Bank of America Merrill Lynch are the financial advisors for Hellman & Friedman. The legal advisors for Hellman & Friedman are Freshfields Bruckhaus Deringer, Kromann Reumert and Thommessen and Latham & Watkins.

In 2014, Bain Capital, Advent International and ATP acquired Nets for 17 billion DKK.

Euroclear Hires Guillaume Eliet

Euroclear hired Guillaume Eliet as head of regulatory, compliance and public affairs. This is a new role. Previously, Eliet was at the Autorité des marchés financiers (AMF) most recently serving as deputy general secretary. Eliet oversaw the regulation policy and international affairs division at AMF. At Euroclear, Eliet will report to Lieve Mostrey and Inge Boets.

Postal Savings Bank of China Moving Toward $7.25 Billion Preferred Offering

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