Advent and Bain beat three other suitors in the final round of the auction, said Reuters, citing two people familiar with the matter.
The two private equity firms jointly owned Nets’ British peer WorldPay.
Nets is currently backed by Nordic banks Nordea, DNB and Danske Bank, which have hired JP Morgan to help sell the company.
The buyout is likely to be funded with a debt package of between six and seven times Nets’ current EBITDA of €183m, said the report, citing banking sources.
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