Advent International and Viking Global Investors are set to take control of the Visa-backed payment processing technology provider once the transaction is completed.

Global Processing Services (GPS), a UK-headquartered payment processing platform developer backed by payment services firm Visa, secured $300m yesterday from private equity firm Advent International and investment firm Viking Global Investors.

The deal will enable the two investors to jointly control the company once it closes, pending customary approvals. Advent was represented by its Advent Tech unit and Sunley House Capital affiliate.

Founded in 2007, GPS has built enterprise software that enables digital banking service providers such as Revolut, Starling…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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