By Greg Roumeliotis and Jessica Toonkel
NEW YORK, Oct 24 (Reuters) - Private equity firm AquilineHoldings LLC is exploring a sale of Clear2Pay, a Belgianfinancial services electronic payments company it invested infour years ago, according to two people familiar with thesituation.
New York-based Aquiline has not yet hired a bank to overseethe sale which could fetch around 400 million euros ($552million), said one of the sources, who wished to remainanonymous because they are not permitted to speak to the media.
Aquiline was not immediately available for comment.
Aquiline invested in Brussels-based Clear2Pay in December2009. The company, which facilitates payments for banks andfinancial institutions, has an array of global financialservices clients including ING Groep, Banco Santander and Bank of New York Mellon Corp, according toits website.
Possible bidders for Clear2Pay could include technologycompanies with significant business from banks, like Oracle Corp or SAP AG, or financial services orientedtechnology providers like Fiserv, the source said.
Oracle, SAP and Fiserv declined to comment.
- financial services