TA Associates acquisition of minority stake in WAG Payment Solutions

Overview:

• US private equity firm TA Associates acquired a minority stake in WAG Payment Solutions (Eurowag).
• Based in Prague, Eurowag provides cash-free payment systems for freight and passenger transport business employees to pay for expenses including toll fees and petrol.   
• Deutsche Bank and Ernst & Young were financial advisers for Eurowag.
• The fee for the acquisiiton was not disclosed. 

Kurt Stumpo - Journalist