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Wirecard North America sold to Syncapay in deal backed by Centerbridge, Bain

Oct 22, 2020 - Reuters UK

(Reuters) - Wirecard North America Inc, a unit of German payments company Wirecard AG, has been sold to Syncapay Inc, a U.S. holding company focused on payment solutions, Wirecard’s insolvency administrator said on Thursday.

The deal is backed by private investment management firm Centerbridge Partners, which is making a majority equity investment in Syncapay, and existing Syncapay shareholders like Bain Capital Ventures and Silversmith Capital Partners, the statement added.