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New Deal


Announced

Enel X to acquire CityPoste Payment from Mail Express Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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FinTech

Majority

Friendly

Italy

Private

Single Bidder

fintech

Acquisition

Pending

Domestic

Synopsis

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Enel X, a provider of energy-related services, agreed to acquire CityPoste Payment, an Italian FinTech company, from Mail Express Group, a financial and real estate group holding company. Financial terms were not disclosed. “With the purchase of CPP, Enel X strengthens its presence in the country, offering a payment service that complements Enel X Pay’s full digital service. A choice that responds to multi-channel logic, to more effectively meet the needs of a vast group of customers, from young and older generations,” Francesco Venturini, Enel X CEO.

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