See the (paid access) FD-article. Global Collect is a Payment Service Provider, born out of the need to collect magazine subscription fees worldwide. This service used to be an inhouse service for TNT Post. But is was spun off and sold for € 14 million two years ago. And now it's been sold again for € 200 million to private equity firm General Atlantic.
GlobalCollect processes and reconciles payments for KPN, Skype, Nike, HP, Apple and so on. It's turnover was € 23 million in 2005 and € 37 million in 2006. And its net result last year was € 5 million. Lehman Brothers advised during the sale of GlobalCollect.
I'm curious if they would ever imagined this price to be paid....
