
Tower Capital buys payments unit from Singapore's DBS

Tower Capital Asia has completed the fourth investment from its debut Southeast Asia fund – taking deployment past 60% - with the acquisition of a majority stake in payment solutions provider AXS from DBS Bank.
The private equity firm will take a 77.8% interest with DBS retaining 9.9%, according to a statement released by the bank. The new ownership structure will support business growth, including the expansion...
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