M&A Deal Summary

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

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

Acquisition Highlights
  • This is Advent International’s 24th, Bain Capital Private Equity’s 5th and Clessidra Private Equity SGR’s 2nd transaction in the Financial Services sector.
  • This is Advent International’s 14th, Bain Capital Private Equity’s 26th and Clessidra Private Equity SGR’s largest (disclosed) transaction.
  • This is Advent International’s 8th, Bain Capital Private Equity’s 4th and Clessidra Private Equity SGR’s 18th transaction in Italy.
Investment Fate
  • Nexi went public in 2019.
  • Nexi was sold to a financial buyer in 2021.

M&A Deal Summary

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

Target

Nexi

Milan, Italy
Nexi is a payments technology company that connects banks, merchants, and consumers with the aim of changing the way people and companies pay and collect money every day, thus accelerating the spread of digital payments and the transition to a cashless society, which is essential for the modernization of Italy. Nexi was founded in 1939 and is headquartered in Milan, Italy.

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Buyer(S) 3

Buyer

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
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 million and $5 billion and can commit up to $2 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 224 of 339
Sector (Financial Services) 24 of 31
Type (Buyout (LBO, MBO, MBI)) 132 of 150
Country (Italy) 8 of 11
Year (2015) 5 of 7
Size (of disclosed) 14 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-01 Douglas

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. Douglas was founded in 1910 and is based in Hagen, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-25 TransUnion

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 founded in 1968 and is based in Chicago, Illinois.

Sell -
Buyer

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
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 236
Sector (Financial Services) 5 of 8
Type (Buyout (LBO, MBO, MBI)) 32 of 50
Country (Italy) 4 of 11
Year (2015) 5 of 10
Size (of disclosed) 26 of 72
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-30 MYOB

Cremorne, Australia

MYOB is a provider of business management software. 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

Clessidra Private Equity SGR

Milan, Italy

Investor Investor Investor Investor Investor


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

Clessidra Private Equity is a private equity firm dedicated to investments in medium to large-sized Italian companies. The Firm looks to commit €40 to €100 million in companies valued up to €500 million. Prospective transaction situations include restructurings, take privates, family-owned buyouts, and consolidations.Clessidra Private Equity was formed in 2003 and is based in Milan, Italy.


DEAL STATS #
Overall 19 of 28
Sector (Financial Services) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 9 of 15
Country (Italy) 18 of 27
Year (2015) 3 of 4
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-29 Arredo Plast

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

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 -