Brookfield strikes deal for Barclays’ payments business

The second phase of the sale process of Livensa, the Spanish brand of student residences of the Canadian giant Brookfield, advances. This Toronto fund has received the initial bids of a first stage, whose cut has remained at about 1.2 billion euros, informs different sources of the real estate market. In the coming weeks it is expected that the time of binding offers will come, when in principle there is one or two final candidates.

Barclays to sell stake in British payments business to Brookfield Asset Management

Under the complex terms of the deal, the two parties will create a standalone entity for the business, into which Barclays plans to invest approximately £400-million

Brookfield strikes deal for Barclays’ payments business

Seven-year timeline set over which private equity group could buy 80% stake in the unit

Barclays to Sell Stake in Payment Acceptance Business to Brookfield

Barclays and Brookfield Asset Management partnered to grow Barclays’ payment acceptance business and transform it into a standalone entity.

The British bank bears the initial costs of transforming its payment business to be split. Brookfield has the option of taking control of it within a few years.

Barclays' payment business sold to private equity giant - London Business News

Private equity giant Brookfield has snapped up UK lender Barclays’ payments business. Matt Hammerstein, CEO, Barclays UK Corporate Bank said: “Finding a partner to support us in transforming our payment… The post Barclays’ payment business sold to private equity giant appeared first on London Business News