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Report: Corsair Capital mulls sale of payments company

Private equity firm Corsair Capital LLC is considering a sale of Atlanta-based Realtime Electronic Payments, a provider of payment services to the consumer finance industry, Reuters reported, citing unnamed sources.

A sale could value REPAY at up to $900 million, including debt, according to the sources. Corsair Capital acquired the company from private equity firm New Capital Partners in 2016 for a rumored price of around $150 million.

Corsair Capital engaged FT Partners to handle the auction process for the payments services provider after receiving offers from parties that wanted to acquire REPAY, one of Reuters' unnamed sources said.

A spokesman for Corsair Capital declined to comment, while an FT Partners did not respond to Reuters' request for comment.