A consortium led by U.S. buyout firm Hellman & Friedman LLC on Monday agreed to acquire Denmark’s Nets A/S for 33.07 billion Danish Krone ($5.3 billion), the latest bet by private equity on the payments-processing sector. The deal is the latest in a wave of consolidation in the industry this year as firms seek to take advantage of the growing use of mobile devices to make payments. Payments companies are also under pressure to...

Source: Wall Street Journal September 25, 2017 09:22 UTC