Ingenico is set to purchase payments processing firm TechProcess for approximately $89m, providing an exit to shareholders including Nokia Growth Partners.
Electronic payments company Ingenico yesterday agreed to acquire India-based payments processing firm TechProcess for Rs 6bn ($88.6m), providing an exit to technology producer Nokia’s investment unit, Nokia Growth Partners (NPG).
NPG held a 5% stake in TechProcess, having reportedly invested $6m in 2011, according to deals database CrunchBase. The company’s largest shareholder was private equity firm W Capital Partners, which owned a 30% stake according to the Economic Times.
Other exiting investors include ICICI Venture Capital, the venture capital arm…
