Network International Attracts Private Equity Interest
Network International, a Dubai-based payments processor, is reportedly attracting interest from private equity firms. The company is said to be in the early stages of a potential sale process, and is working with an advisor to evaluate the offers.
Company Overview
Network International is a leading payments processor in the Middle East and Africa. It was founded in 1994 and is headquartered in Dubai, United Arab Emirates. The company provides payment solutions to merchants, banks, and other financial institutions. It offers a range of services, including card processing, merchant acquiring, and digital payments.
Network International has a presence in more than 40 countries across the Middle East and Africa. It has a network of over 200,000 merchants and more than 1,000 banks and financial institutions. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
Private Equity Interest
Network International is reportedly attracting interest from private equity firms. The company is said to be in the early stages of a potential sale process, and is working with an advisor to evaluate the offers.
The company has reportedly received interest from a number of private equity firms, including KKR & Co., CVC Capital Partners, and Apax Partners. It is unclear how much the company is seeking in a potential sale.
Recent Performance
Network International has seen strong growth in recent years. In 2020, the company reported revenue of $837 million, up from $735 million in 2019. Net income for the year was $212 million, up from $193 million in 2019.
The company has also seen strong growth in its digital payments business. In 2020, digital payments revenue increased by 24% to $242 million. The company has also seen strong growth in its merchant acquiring business, with revenue increasing by 11% to $595 million.
Outlook
Network International is well-positioned to capitalize on the growing demand for digital payments in the Middle East and Africa. The company has a strong presence in the region and is well-positioned to benefit from the increasing adoption of digital payments.
The company is also well-positioned to benefit from the increasing demand for payment solutions from banks and financial institutions. The company has a strong network of partners and is well-positioned to capitalize on the growing demand for payment solutions.
Conclusion
Network International is reportedly attracting interest from private equity firms. The company is said to be in the early stages of a potential sale process, and is working with an advisor to evaluate the offers. The company has seen strong growth in recent years and is well-positioned to capitalize on the growing demand for digital payments in the Middle East and Africa.