M&A Deal Summary

Bain Capital Private Equity, Advent International and Clessidra SGR Acquires Nexi

On June 19, 2015, private equity firms Bain Capital Private Equity, Advent International and Clessidra SGR S.p.A. acquired financial services company Nexi S.p.A. for 2.2B EUR

Acquisition Highlights
  • This is Bain Capital Private Equity’s 5th, Advent International’s 25th and Clessidra SGR’s 2nd transaction in the Financial Services sector.
  • This is Bain Capital Private Equity’s 20th, Advent International’s 9th and Clessidra SGR’s 1st largest (disclosed) transaction.
  • This is Bain Capital Private Equity’s 4th, Advent International’s 8th and Clessidra SGR’s 18th transaction in Italy.

M&A Deal Summary

Date 2015-06-19
Target Nexi S.p.A.
Sector Financial Services
Buyer(s) Bain Capital Private Equity
Advent International
Clessidra SGR S.p.A.
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 2.2B EUR

Target

Nexi S.p.A.

Milan, Italy
website
Nexi is a provider of services and infrastructures for digital payment for Banks, Companies, Institutions, and Public Administration. Nexi is headquartered in Milan, Italy.

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Buyer(S) 3

Buyer

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.


DEAL STATS #
Overall 130 of 200
Sector (Financial Services) 5 of 6
Type (Buyout (LBO, MBO, MBI)) 32 of 45
Country (Italy) 4 of 9
Year (2015) 5 of 10
Size (of disclosed) 20 of 65
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-30 MYOB Technology Pty Ltd.

Cremorne, Australia

MYOB is a provider of business management software in Australia and New Zealand. The company's innovative software and services simplify many parts of a business including accounting, payroll, retail POS, CRM, websites, tax, and more. MYOB was founded in 1991 and is based in Cremorne, Australia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 Linxens SA

Guyancourt, France

Linxens SA is a manufacturer of connectors for smart cards. Linxens was founded in 1986 and is based in Guyancourt, France.

Sell $1.7B
Buyer

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 and $2000 billion and can commit up to $5 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 225 of 306
Sector (Financial Services) 25 of 30
Type (Buyout (LBO, MBO, MBI)) 131 of 145
Country (Italy) 8 of 9
Year (2015) 5 of 7
Size (of disclosed) 9 of 43
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-01 Parfumerie Douglas GmbH

Hagen, Germany

Douglas is a premium beauty retailer with about 2,400 stores and fast-growing online shops in 21 European countries. Douglas has a portfolio of some 38,000 high-quality products in the areas of perfumery, decorative cosmetics and skincare.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-25 TransUnion Holding Co., Inc.

Chicago, Illinois, United States

TransUnion is a global provider of information and risk management solutions. TransUnion provides these solutions to businesses across multiple industries and to individual consumers. TransUnion technology and services enable businesses to make informed credit granting, risk management, underwriting, fraud protection and customer acquisition decisions by delivering data that's integrated with analytics and decisioning capabilities. TransUnion was formed in 1968 and is based in Chicago, Illinois.

Sell -
Buyer

Clessidra SGR S.p.A.

Milano, Italy

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2003
PE ASSETS 2.5B EUR
SizeLarge
Type Sector Agnostic
DESCRIPTION

Clessidra SGR S.p.A. is a private equity fund formed in 2003 dedicated to investments in Italian based companies. Prospective transaction situations include restructurings, privatizations, family-owned businesses, and consolidations. Clessidra SGR S.p.A was formed in 2003 and is based in Milan, Italy.


DEAL STATS #
Overall 19 of 22
Sector (Financial Services) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 9 of 12
Country (Italy) 18 of 21
Year (2015) 3 of 4
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-29 ABM Italia S.p.A.

Ormelle, Italy

Arredo Plast SpA works both on a European and an international scale, exporting its products to over 80 different countries. The Italian office and the 3 sales offices in Europe, together with the production site in Canada and the APmedical branch in the United States, are enforcing the penetration of international markets, guaranteeing a significant competitive edge for the Kis APmedical and Dblade brands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 Acetum S.p.A.

Cavezzo, Italy

Acetum S.p.A. is a manufacturer and distributor of Balsamic Vinegar of Modena, a PGI-certified specialty vinegar among the most famous and appreciated Italian food products. Company produces Balsamic Vinegar of Modena IGP, glazes and condiments and, to a lesser extent, wine vinegar and traditional balsamic vinegar DOP. Across all product categories, the company focuses on the premium market segment of high-quality products.

Buy -