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Announced

Completed

Mercury-backed Nexi completed the merger with SIA in a $5.3bn deal.

Financials

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Transaction Value£4,094m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales7x
EV/EBITDA19x
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Friendly

Merger

Majority

Cross Border

Public

payment systems

payment card processing

networking systems

financial technology solutions

Financial Data and Systems

Italy

Private Equity

Single Bidder

Completed

Synopsis

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Mercury-backed Nexi, an Italy-based financial technology company, completed the merger with SIA, a financial technology solutions provider, in a $5.3bn deal. “This transaction will create a large Italian PayTech company leader in Europe, a great technological and digital excellence with scale and capabilities to play an increasingly leading role in Italy and at an international level in a market, like the European one, that sees strong consolidation trends. The new PayTech company, through its independent role and having CDP as anchor investor, will continue on its growth path as large Italian public company contributing, to an even greater extent, together with its partner Banks, to further accelerate the digital payments penetration in Italy and to the digitalization and modernization of the Country in favour of citizens, enterprises and Public Administration,” Paolo Bertoluzzo, Nexi CEO. On December 16, 2021, Nexi signed the deed to combine, and announced the SIA merger will be effective as of January 1, 2022.

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