M&A Deal Summary

Nexi Acquires Nets

On June 16, 2021, Nexi acquired financial services company Nets from Hellman & Friedman and HarbourVest Partners

Acquisition Highlights
  • This is Nexi’s 1st transaction in the Financial Services sector.
  • This is Nexi’s 1st transaction in Denmark.

M&A Deal Summary

Date 2021-06-16
Target Nets
Sector Financial Services
Buyer(s) Nexi
Sellers(s) Hellman & Friedman
HarbourVest Partners
Deal Type Merger

Target

Nets

Ballerup, Denmark
Nets is a payments processing utility for the Nordics region. Nets connects banks, businesses, public sector organizations, merchants and consumers through an international network facilitating digital payments. Nets was founded in 1968 and is based in Ballerup, Denmark.

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Buyer(S) 1

Buyer

Nexi

Milan, Italy

Category Company
Founded 1939
Sector Financial Services
Employees10,580
Revenue 5.4B EUR (2022)
DESCRIPTION

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.


DEAL STATS #
Overall 4 of 6
Sector (Financial Services) 1 of 1
Type (Merger) 1 of 2
Country (Denmark) 1 of 1
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-03 Bassilichi

Monteriggioni, Italy

Bassilichi is a business process outsourcing company that provides technological services related to payment and back office systems, aimed at large users and banks, in particular. The Group covers three business areas: E-money, Back Office and Security. Bassilichi is based in Monteriggioni, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-31 SIA

Milan, Italy

SIA engages in the design, creation, and management of technology infrastructures and services for Financial Institutions, Central Banks, Corporates, and the Public Sector, in the areas of payments, cards, network services, and capital markets. SIA Group provides its services in over 50 countries and also operates through its subsidiaries in Austria, Croatia, Czech Republic, Germany, Greece, Romania, Serbia, Slovakia, Hungary, and South Africa. SIA was founded in 1977 and is based in Milan, Italy.

Buy -

Seller(S) 2

SELLER

Hellman & Friedman

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 50.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Hellman & Friedman (H&F) is a large private equity firm on the West Coast of the US. H&F focuses on control and minority investments in a variety of transaction structures and will consider opportunities across the US and Europe. H&F seeks buyouts and business in need of restructurings that operate in defensible markets with predictable revenue and earnings growth. Target sectors include financial services, healthcare, indusrial, energy, insurance, media, marketing, professional services, software, and information services. H&F's target equity investment size is $300 million to $1 billion. Hellman & Friedman was formed in 1984 and has offices in San Francisco, New York City, and London.


DEAL STATS #
Overall 55 of 59
Sector (Financial Services) 9 of 9
Type (Merger) 5 of 6
Country (Denmark) 1 of 1
Year (2021) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-16 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-22 Splunk

San Francisco, California, United States

Splunk is a provider of operational intelligence software used to monitor, report and analyze real-time machine data as well as historical data across your IT infrastructure. Splunk was formed in 2003 and is based in San Francisco, California.

Buy -
SELLER

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 86.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.


DEAL STATS #
Overall 110 of 133
Sector (Financial Services) 6 of 7
Type (Merger) 6 of 6
Country (Denmark) 1 of 1
Year (2021) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-16 Perimeter Solutions

Clayton, Missouri, United States

Perimeter Solutions is a manufacturer of firefighting chemicals and lubricant additives. The Fire Safety business includes formulation and manufacturing of fire management products along with services and pre-treatment solutions for managing wildland, military, industrial and municipal fires. Perimeter Solutions was established in 2018 and is based in Clayton, Missouri.

Buy $2.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-08 Neighborly

Waco, Texas, United States

Neighborly is a home services franchisor of 25 service brands (including Neighborly umbrella service brand) and more than 4,000 franchise owners serving 10 million+ customers in nine countries, focused on repairing, maintaining and enhancing homes and businesses. Neighborly was founded in 1981 and is based in Waco, Texas.

Buy -