LONDON, Nov 16 (Reuters) - Advent International has signed a deal to buy payments firm myPOS as part of the London-based buyout group's latest push into digital payments, director Fabio Cali told Reuters.
The acquisition is expected to value myPOS at around 500 million euros ($542.15 million), two people familiar with the matter told Reuters, speaking on condition of anonymity.
The payments sector has had a run of transactions recently.
SumUp said last year it had raised 590 million euros in a funding round led by Bain Capital Tech Opportunities.
The company is targeting a revenue run rate of 100 million euros this year, one of the people said.
Persons:
Fabio Cali, SumUp, JP Morgan, PayPal Zettle, Christo Georgiev, Georgiev, Amy, Jo Crowley, Jane Merriman
Organizations:
Reuters, Bain Capital Tech, PayPal, House, Thomson
Locations:
London, Cali, Athens, Europe