IN BRIEF: Schroder British investee Rapyd acquires PayU from Prosus
4th Aug 2023 11:33
Schroder British Opportunities Trust PLC - London-based public and private investment trust focused on small to mid-cap UK companies - Confirms private equity investee Rapyd Financial Network Ltd has acquired PayU Global Payment Org from technology investor Prosus NV for USD610 million. Deal does not include PayU's operations in India, Turkey or Southeast Asia. Schroder says the purchase "further solidifies Rapyd's position as a dominant global fintech leader continuing the company's trajectory towards an [initial public offering]." Schroder first invested in Rapyd in early 2021 as part of Rapyd's USD300 million Series D financing round. Read More