TITLE

Advent, Bain Win Battle For RBS' WorldPay Unit

AUTHOR(S)
Lepro, Sara
PUB. DATE
August 2010
SOURCE
American Banker;8/9/2010, Vol. 175 Issue 121, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Royal Bank of Scotland Group PLC agreed to sell a majority stake in its processing business RBS WorldPay to private-equity firms Advent International Corp. and Bain Capital LLC as a result of conditions of the multibillion government bailout it received during the Global Financial Crisis of 2008-2009.
ACCESSION #
52794600

 

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