M&A Deal Summary

Enel and Intesa Sanpaolo Acquire Mooney

On December 23, 2021, Enel and Intesa Sanpaolo acquired financial services company Mooney from CVC Capital Partners for 1.4B EUR

Acquisition Highlights
  • This is Enel’s 1st and Intesa Sanpaolo’s 3rd transaction in the Financial Services sector.
  • This is Enel’s and Intesa Sanpaolo’s largest (disclosed) transaction.
  • This is Enel’s 2nd and Intesa Sanpaolo’s 2nd transaction in Italy.

M&A Deal Summary
Date 2021-12-23
Target Mooney
Sector Financial Services
Buyer(s) Enel
Intesa Sanpaolo
Sellers(s) CVC Capital Partners
Deal Type Add-on Acquisition
Deal Value 1.4B EUR

Target

Mooney

Milano, Italy
Mooney is a payment services operator with an extensive proximity network. Mooney is based in Milano, Italy.

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Buyer(S) 2

Buyer

Enel

Rome, Italy
Category Company
Founded 1962
Sector Utilities
Employees60,905
Revenue 92.9B EUR (2023)
DESCRIPTION

Enel is an electric utility operator. The Company is engaged in the generation, distribution and sale of electricity primarily in Europe. Enel was founded in 1962 and is based in Rome, Italy.

DEAL STATS #
Overall 7 of 7
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 5 of 5
Country (Italy) 2 of 2
Year (2021) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-27 Tradewind Energy

Lenexa, Kansas, United States

Tradewind Energy, Inc. is a provider of solar energy services. Tradewind Energy, Inc. brings the best in renewable project development with the best in engineering and construction and operational excellence, leading to greater speed and efficiency of development.

Buy -
Buyer

Intesa Sanpaolo

Turin, Italy
Category Company
Founded 2007
Sector Financial Services
DESCRIPTION

Intesa Sanpaolo S.p.A is a provider of banking products and services.

DEAL STATS #
Overall 3 of 3
Sector (Financial Services) 3 of 3
Type (Add-on Acquisition) 2 of 2
Country (Italy) 2 of 2
Year (2021) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-29 Euronext

Amsterdam, Netherlands

Euronext is a provider of a broad portfolio of products, services, and platforms that cover the full range of financial market services. Euronext provides listing, trading, market data, indices, clearing, settlement, and custody as well as the development and operation of high-end trading systems. Euronext is based in Amsterdam. Euronext was founded in 2000 and is based in Amsterdam, the Netherlands.

Buy -

Seller(S) 1

SELLER

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.

DEAL STATS #
Overall 166 of 173
Sector (Financial Services) 6 of 6
Type (Add-on Acquisition) 61 of 63
Country (Italy) 6 of 6
Year (2021) 15 of 15
Size (of disclosed) 17 of 54
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-23 Sisal

Milan, Italy

Sisal is an operator in the Italian gaming market as a government licensee. Through its capillary network of 47,000 points of sale, the company in excess of 500 payment services to the Italian public which are still primarily reliant on traditional cash payments. Sisal is based in Milan, Italy.

Sell €1.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-28 Gaming1

Liege, Belgium

Gaming1 is a Belgian company for both land-based and online games of chance (casino games, sports betting services and poker). Gaming1 is based in Liege, Belgium.

Buy -
Mergr

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