Payments processing business Paysafe Group could hit valuation of over $10bn if Blackstone and CVC move towards an IPO of the company.
The two private equity firms are currently hunting for underwriters for an IPO.
The move comes just a couple of years after the private equity pair picked up Paysafe in a £3bn buyout.
Paysafe’s earnings are growing at a double-digit percentage according to Reuters, which cited two unnamed sources its said were familiar with the matter.
It added that although Blackstone and CVC are focused on a public listing for Paysafe, they will consider an acquisition offer if one emerges.
Paysafe handles more than $80bn of transactions each year, and it expected to generate an EBITDA of about $600m in 2020.
Earlier this year private equity-backed payments business Network International raised £1.1bn in a London IPO which marked the biggest European public listing of the year at the time.
NI was backed by Warburg Pincus and General Atlantic, as well as Dubai’s largest bank, Emirates NBD.
