Nexi’s acquisition of Nets

Nexi S.p.A.

Posted on

16 Nov

2020

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Fast facts

Status:

Pending

Cross-border:

Yes

Deal value:

EUR 7.8 billion

Dittmar & Indrenius > References > Nexi’s acquisition of Nets

We act as Finnish counsel to Nexi S.p.A., a leading Italian payment services and technology provider listed on the Borsa Italiana, in connection with Nexi’s acquisition of Nets, a leading integrated Pan-European PayTech player active in 20 countries and controlled by a consortium of private equity firms led by Hellman & Friedman, through an all-share merger. The new combined group will become one of the largest European payment technology companies.

Nets generated EUR 1.1 billion in revenues and EUR 387 million in EBITDA in 2019 (pro-forma for certain M&A transactions) and the combined group is expected to have approximately EUR 2.9 billion revenues and approximately EUR 1.5 billion EBITDA on a pro-forma aggregated basis in 2020 (including run-rate synergies).

The transaction is expected to close during Q2 2021, subject to certain customary closing conditions as well as the completion of the sale of Nets’ corporate services division to Mastercard.

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