Rêv Worldwide and Searchlight Capital Acquire Netspend Consumer Business from Global Payments for $1 Billion
May 1, 2023
Rêv Worldwide, together with funds advised by Searchlight Capital Partners, completed the acquisition of the Netspend consumer business from Global Payments in an all-cash transaction valued at $1 billion. The carve-out returns Netspend to its founders, Roy and Bertrand Sosa, and positions the combined Rêv–Netspend business to expand globally and accelerate digital product innovation in prepaid and consumer payments.
- Buyers
- Rêv Worldwide, Funds advised by Searchlight Capital Partners
- Targets
- Netspend (consumer business)
- Sellers
- Global Payments
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Transaction Type
- Divestiture
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