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Warburg Pincus, the US private equity group, is in exclusive talks to buy Accelya, the European airlines services company Accelya, for €650m, three people familiar with the matter said.

The private equity company outbid rivals Bridgepoint and PAI Partners in the sale process led by Chequers Capital, the French mid-market buyout group, the people said.

The US company, which owns Dubai-based travel services group Mercator, is believed to be well-placed to exploit synergies by merging the two businesses, industry observes said.

Barcelona-based Accelya provides services to companies like American Airlines and British Airways helping them streamline costs.

Warburg Pincus acquired a majority stake in Mercator, a provider of software and technology for the airline industry, in 2014. The company helps airlines move passengers and cargo to their destinations.

Evercore and Citi Group advised Warburg Pincus on the purchase. The deal could be signed as early as this weekend, the people said.

Warburg Pincus, Bridgepoint and PAI Partners declined to comment. Chequers has been contacted for comment.

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