Mercury-backed Nexi completed the merger with Nets in a $9.2bn deal.

Mercury-backed Nexi, an Italy-based financial technology company, completed the merger with Nets, a Danish payments company, in a $9.2bn deal, including $2.1bn of debt. Upon closing of the merger, Hellman & Friedman owns 21%, Advent International & Bain Capital 13%, Mercury UK 12%, Intesa Sanpaolo 6%, GIC Private Equity 4%, with a free float of 44%. “This transaction marks an important milestone in Nets’ journey to become a European payments champion, from our beginning as a domestic player in Denmark and Norway to our evolution into a pan-European payments pure-play operator. Through constant innovation, and driven by the tremendous efforts of colleagues, Nets has re-shaped the Nordic and broader European payments landscape, in creating ever more valuable solutions for our customers and stakeholders. We will continue to shape the industry with Nexi and capture significant growth opportunities across the sector through our presence in structurally attractive payment markets such as Germany, Austria, and Switzerland, as well as in the fast growing Polish market,” Bo Nilsson, Nets CEO. On March 9, 2021, EU's antitrust gives the green light to Nexi's $9.2bn merger with Nets.