, Columnist
France’s Fintech Hopeful Gets Left on the Shelf
Ingenico missed the wave of consolidation in the payments processing industry. That doesn’t mean it will be independent for long.
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Photographer: Simon Dawson/Bloomberg
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Not long ago, it was difficult for payments processors to avoid being taken over. Worldpay was sold by Royal Bank of Scotland Plc in the crisis, taken public and bought again in eight years. Nordic payments group Nets went from being owned by a group of banks to private equity ownership, to public markets, before going back into private equity hands.
But Ingenico Group SA missed the wave. French bank Natixis SA has said that talks with the Paris-based group won’t lead to a full-blown takeover offer.