Dubai’s Network International receives $2.5bln takeover proposal

Dubai-based payments provider Network International has received on Monday a proposal from a consortium of CVC Capital and Francisco Partners to acquire its private equity worth $2.6 billion.

The offer will be 387 pence per Network share for the entire issued and to be issued share capital of the company, according to a regulatory filing on the exchange.

CVC Capital Partners is a French private equity firm with more than $130 billion as assets under management. Francisco Partners is a global investment firm that specializes in partnering with technology and technology-enabled businesses.