British payments group Epos Now explores possible stake sale, sources say [Reuters]
BNP PARIBAS SPONS ADR (BNPQY)
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Source: Reuters
The Norfolk-based company, which provides retailers and hospitality businesses with payment processing tools and software, is working with advisers at BNP Paribas on the options, the people said, speaking on condition of anonymity. The privately-held business, owned by CEO and founder Jacyn Heavens, is seeking a valuation of as much as $1.5 billion, one of the people said. The sale is set to kick off after the summer with one of the options under consideration being raising funds to grow the business, this person added. Report this ad A spokesperson for BNP Paribas declined to comment. Epos Now did not respond to requests for comment. Potential investors in Epos Now are expected to include private equity firms, a second person said. Epos Now's product line includes payment processing, credit cards and other banking services as well as inventory and employee management software applications. The company is targeting more than $100 million in turnover and $40 million in ear
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