Case Study

Nexi

In Focus

The company

Region: Europe
Sector: Information Technology
Stage: Large Buyout
Fund Vintage: 2015
Highlights:

                                £4.1m 
Co-invested alongside Clessidra in 2015

Private Equity Manager (GP)

Case study

About the company

Nexi is the leading player in card and payment services in Italy. The company serves the majority of Italian financial institutions, as well as corporate and public sector clients, thereby representing a mission-critical component of Italy’s financial infrastructure.

Nexi operates in three areas: Merchant Services & Solutions, Cards & Digital Payments and Digital Banking Solutions.

The company operates in strong partnership with c.150 banks, serving 900,000 merchants and managing 42 million payment cards for 30 million cardholders.

The investment rationale

Clessidra invested in Nexi (formerly ICBPI) as part of a consortium that included Advent International and Bain Capital. In addition to a structural shift towards card payments and significant opportunities for operational improvement and M&A, the deal sponsors’ track record in the payment processing sector and their history of collaboration in a number of successful investments was a key consideration when entering into this transaction.

Our relationship

Pantheon has invested in Clessidra and Advent International on a primary basis for several years and holds a seat on their respective Advisory Boards.

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The information contained on this website is communicated by Pantheon Ventures (UK) LLP, a limited liability partnership incorporated in England and Wales, authorised and regulated by the Financial Conduct Authority in the United Kingdom under laws that differ from Australian laws. The Company does not hold an Australian financial services license that authorises it to provide advice in relation to the acquisition of securities in the Company. Pantheon Ventures (UK) LLP is exempt from the requirement to hold an Australian financial services licence under the Corporations Act 2001 (“Corporations Act”) in respect of the provision of financial services to wholesale clients in Australia. Pantheon Ventures (UK) LLP relies on the Corporations (Repeal and Transitional) Instrument 2016/396, which grants transitional continuance relief to foreign financial services providers relying on Australian Securities and Investments Commission Class Order 03/1099 in order to provide financial services to wholesale clients in Australia. This website and the information contained on it is intended only for persons in Australia who are both wholesale clients under section 761G of the Corporations Act 2001 (Cth) and professional investors or sophisticated investors for the purposes of section 708 of the Corporations Act.

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