Helios to Partially Exit Interswitch to Visa

Source(s): Helios Investment Partners

US-based global payments company Visa has agreed to acquire a minority stake in Nigeria-based digital payments processing and switching services provider Interswitch, facilitating a partial exit for Africa-focused private equity fund manager Helios Investment Partners. Helios originally invested in the business in 2010 and sold a partial stake to global growth equity firm TA Associates in March 2017. Financial details of the transaction were not disclosed.