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class="MsoNormal">A Galway entrepreneur has sold a company he founded 27 years ago and bagged himself €120 million in the process.

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class="MsoNormal">67-year-old Gerard Barry set up the Fintrax Group in 1985.

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class="MsoNormal">The success of the company saw it open branches across 26 countries.

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class="MsoNormal">It has a presence in several markets including Mexico, Singapore, Jordan as well as several European bases.

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class="MsoNormal">The group specialises in payment solutions for banks, merchants and tourists.

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class="MsoNormal">Last year it processed almost 3 million tax-free transactions.

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class="MsoNormal">It has been bought by Exponent Private Equity after 6 months of talks.

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class="MsoNormal">Newstalk’s Business Editor Ian Guider has more details.

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