Nets, the 4th largest merchant acquirer in Europe, will merge with Concardis, Europe’s 33rd largest acquirer. Concardis shareholders will exchange their shares for shares in privately held Nets. The merger creates a business with approximately $560 million (€500 million) of EBITDA and $1.53 billion (€1.30 billion) of annual net revenue. Nets and Concardis will retain their respective brands. Nets went private in 2017 when it was purchased by a consortium including U.S.-based Hellman & Friedman, Singapore-based GIC, Advent International, and Bain Capital. The price was $5.30 billio...