Providence is bidder in €500m Alphyra deal

Private equity firm Providence, which was an investor in Eircom, is one of four bidders in the running to buy a majority stake in payments firm Alphyra.

30th June, 2007

Private equity firm Providence, which was an investor in Eircom, is one of four bidders in the running to buy a majority stake in payments firm Alphyra.

The US firm is in the final stages of bidding, alongside rival General Atlantic, one other private equity firm and one trade player.

They are competing to buy a 67 per cent stake in Alphyra being sold by Balderton Capital, which recently changed its name from Benchmark Capital Europe.

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