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June 21, 2016

BTI Payments looking to raise Rs250 crore from PE funds: Mint

A Mint article titled, BTI Payments looking to raise Rs250 crore from PE funds, quotes Venture Intelligence data on PE/VC Investments in ATM and Payment Technology Service businesses.
In the last five years, PE investors have invested around $194 million in ATM and payment technology services businesses, shows data from Venture Intelligence.
In the largest transaction in the space, AGS Transact Technologies raised $40 million from Actis in 2012. The previous year it had raised $32 million from TPG Growth. Other transactions in the space include Apis Partners’s $25 million investment in Electronic Payment and Services earlier this year and CX Partners’s $22 million investment in Transaction Solutions International in 2012.
In November 2013, ICICI Venture invested Rs.140 crore in BTI Payments. The investment took place together with a Rs.110 crore infusion by the Australian promoter in the company for branching out into setting up white label ATMs in India.
BTI’s competitors in the white label ATM space include companies such as TPG Growth- and Actis Llp-backed AGS Transact Technologies Ltd and Hitachi Payment Services Pvt. Ltd.

Venture Intelligence is India's longest serving provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. 

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