Helios Consortium raises bid to acquire UK's CAB Payments (updated)
02/02/2026 08:34
Corrects headline and paragraphs 1 through 3 to say Helios consortium, not Helios Consortium
Feb 2 (Reuters) - A consortium led by investment firm Helios Investment Partners has raised its take-private offer for CAB Payments CABP.L, valuing the company at $292 million, it said on Monday.
The consortium is offering $1.15 per share for the British cross-border payments processor, after its previous $1.05 per share was rejected last month.
The consortium, comprising major private equity firms focused on Africa, is vying for CAB Payments' offerings in emerging markets, especially sub‑Saharan markets.
CAB Payments shares rose 3.7% to 74.9 pence in early trade.
The company has had a bumpy ride since its London market debut in 2023, marked by profit warnings, job cuts, headwinds from a strong dollar and increased payroll taxes.
"After CAB Payments’ challenging period as a listed company, the long-term success of the business will be better supported under the Helios Consortium’s private ownership," the consortium said.
CAB Payments did not immediately respond to a Reuters request for comment.
(Reporting by Sri Hari N S in Bengaluru; Editing by Janane Venkatraman and Harikrishnan Nair)
((SriHari.NS@thomsonreuters.com;))