US EditionCAB Payments Rejects Sweetened Takeover Bid From Helios Consortium
Helios Consortium proposes US$1.15 per share with a 21% premium and partial unlisted share alternative to secure full acquisition of CAB Payments, pending board recommendation.
- On Feb. 02, 2026 the Helios Consortium asked CAB Payments Holdings plc's board to recommend an increased possible offer to acquire the company, offering $1.15 cash per share with a partial Unlisted Share Alternative.
- The consortium pointed to profit downgrades, leadership changes and a withdrawn StoneX Group Inc. approach as reasons for the bid, holding 127,905,170 ordinary shares, representing approximately 50.33%.
- Valuation data show the Increased Possible Offer implies a US$292 million value for CAB Payments, representing a 21% premium to 30‑day VWAP and a 37% premium to 90‑day VWAP.
- CAB Payments' independent board rejected the bid as "highly opportunistic," and shares rose as much as 12.5% after the rejection.
- Helios reserves rights to alter terms, waive pre‑conditions, and adjust consideration, with a deadline of 5.00 pm on 2 March 2026, under Rule 2.6.
12 Articles
12 Articles
CAB Payments Rejects $213m Takeover Bid, Eyes US Growth
London fintech CAB Payments has once again found itself at the center of a high-stakes takeover battle, as it firmly rejected an increased offer from the Helios Investment Partners-led consortium. The firm, which made headlines with its tumultuous IPO in 2023, described the latest proposal of $1.15 (84p) per share as “highly opportunistic” and a significant undervaluation of its future potential. Source
CAB Payments rejects 'highly opportunistic' Helios takeover bid
London fintech CAB Payments has pushed back against another takeover proposal from African-focused private investment giant Helios. The firm – which was behind the “worst IPO of the year” in 2023 – has said the increased takeover proposal from a consortium led by Helios Investment Partners was “highly opportunistic” and undervalued the company’s future. Helios told markets this morning it was making a $1.15 (84p) per share play for CAB Payments,…
CAB Payments rejects £213m Helios takeover bid
The independent board of CAB Payments has rejected a second takeover approach from investor Helios Consortium. This morning we reported how Helios was considering making an improved £213 million bid for the London-listed FinTech. Helios Consortium saw a $1.05-per-share offer for CAB Payments rebuffed last month and said it was seeking recommendation for an improved $1.15-per-share bid. That would represent a 21% premium to the volume weighted av…
Helios Consortium Raises Possible Offer for CAB Payments
The Helios Consortium has submitted an increased possible offer for CAB Payments Holdings, proposing $1.15 in cash per share alongside a partial unlisted share alternative as it seeks board support for a takeover. The group now holds or has secured support for 127.9 million shares, equivalent to 50.33% of CAB Payments’ issued share capital. The proposed price represents a 21% premium to the company’s 30-day volume-weighted average price and a 37…
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