A sei settimane dall’accordo con Sia, Nexi si concede il bis e chiude su Nets. In February, French fintechs Ingenico and Worldline merged to create the world's fourth-largest payments firm. Nexi and SIA, two Milan-based paytech firms, have merged to create a €15 billion-valued payments giant in Europe. L'attivismo nel settore in Europa può far The Italian government played a crucial role in the deal through Cassa Depositi e Prestiti (CDP), the government’s unit to implement public policy mandates and it is nonetheless Nexi’s largest shareholder. According to Bloomberg, the deal will create Europe’s largest payments firm by volume, number of customers and pre-tax earnings. I due gruppi hanno deciso la fusione, per dare forma a «una piattaforma con scala unica e presenza in oltre 25 paesi». During the 2019 FY, the SIA Group processed overall the clearing of €16.1 billion card transactions through 84.4 million cards managed. In terms of numbers and figures, the new group will be leader in: The total number of merchants will arrive at about 2 million, with 120 millions of cards, and an overall number of processed annual transactions equal to more than 21 billion. ( Log Out /  Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. As we can imagine, one of the main reasons for the merger is therefore to further consolidate the position in the Italian market: a combined 70% market share will make Italy less attractive to other payment groups, which are racing to consolidate. But what... Bit-CoinTalk.com is your Bitcoin news, technology, scams and ICO website. Furthermore, this operation will increase barriers to entry in the Italian payment market and consolidate the highly fragmented digital and fintech market. #Cardano has overtaken #BNB Binance Coin to become the third largest cryptocurrency by marketcap. In merger negotiations, Bank of America, Mediobanca and HSBC acted as advisors for Nexi, with JPMorgan and Rothschild representing SIA. Mercury-backed Nexi to merge with SIA in a $5.3bn deal. ... Nexi, SIA sign MoU to create €15bn European digital payments provider. The merged entity, with Bertoluzzo remaining as CEO general manager, will handle payments for roughly 2 million merchants and 120 million cards: over 21 billion transactions per year. As concerning the timeline: The Signing of Merger Agreement is expected by December 2020, subject to confirmatory due diligence Closing expected by summer 2021, subject to customary closing conditions including regulatory bodies, Antitrust authorities and shareholders’ approvals. Nexis private equity owners Advent, Bain Capital and Clessidra will own 23% of the newly created fintech group. Mercury, a top shareholder in Nexi, is set to sell 13.4% of the Italy-based financial technology company, a day after Nexi announced a merger with rival SIA, a financial technology solutions provider. SIA shareholders will receive 1.5761 Nexi shares for each SIA share. According to the sources, the two businesses have been discussing the possible deal on and off for more than a year. Chris Biggs, Partner at accounting and consultancy disruptor Theta Global Advisors, discusses the impact of the budget on the deals market. Change ), You are commenting using your Twitter account. The company was founded in 1977 as Società Interbancaria per l’Automazione by Banca d’Italia, ABI and a pool of Italian banks. ただ、ネクシのSIA買収完了後はこの比率が31％に低下。ネクシは1カ月前に国内同業のSIAを買収し、欧州の業界最大手の一角に浮上したばかりだった。 イタリアの決済プロバイダー Nexi（ネクシー）とSiaは150億ユーロの合併を With a 17% stake, Italian sovereign lender CDP, currently the controlling shareholder of SIA, will be the largest single investor in the new group. Sì, secondo gli analisti. CDP Equity S.p.A.'s Subscription Of The Technology Transfer Fund. Executives at Nexi and SIA have met in the past few weeks and have asked advisors to look into potential synergies, as well as to come up with a fair valuation for the latter, insiders noted, asking not to be identified as the The deal values Sia’s equity at €4.5bn including €700m of net debt, corresponding to a 13.6x of 2019 EV/EBITDA multiple including run-rate synergies which is ~€4.6bn Equity Value of SIA implied at Nexi current share price. ( Log Out /  Dopo il Memorandum of Understanding con Sia, Nexi annuncia le nozze con Nets Nasce una piattaforma con scala unica e presenza in oltre 25 paesi L’integrazione darà vita a una nuova realtà da circa €2,9 miliardi di Last August, Consensys bought out JPMorgan’s enterprise version of the Ethereum blockchain, Quorum. Italy’s largest payments firm Nexi has struck a deal with its rival, SIA, to create… Che sia vicina, vista la novità francese, la fusione tra Nexi, quotata da marzo 2019 a Piazza Affari e con una capitalizzazione di circa 5,7 miliardi, e Sia, che da poco a debuttato sul listino di Milano? All-share transaction, with 1.5761 newly issued Nexi shares for each SIA existing share. SIA has been assisted by J.P. Morgan as Sole Financial Advisor and supported by Rothschild for specific activities in the transaction context, from Gianni, Origoni, Grippo, Cappelli & Partners for the legal aspects. Nexi shareholders will maintain a 70% holding in the combined group, in what is in effect a takeover. NEXI:MIL since announced Transaction value Unione Di Banche Italiane Spa-Retailers' Payments Business Rumoured 18 Nov 2020 18 Nov 2020 Rumoured 9.90%--Nets A/S Announced 02 Nov 2020 02 Nov 2020 Announced 22.90 The deal is expected to be priced at €15.50 ($18.25) per share. The company provides banks with a leading investment management solution. Consolidation is sweeping through the fast-expanding payments industry and the all-share deal announced late on Sunday follows Nexi's long-awaited accord to buy domestic rival SIA for 4.6 billion euros in shares. It’s estimated the new entity will take a domestic market share of 70%. Responsive provides banks, insurers and private managers with hybrid advisory solutions and Next Best Action. The parties aim to complete the transaction by the summer of 2021. Italy’s largest payments firm Nexi has struck a deal with its rival, SIA, to create a digital payments behemoth with a market cap of 15 billion euros ($17.6 billion). #ADA is a direct competitor to #Ethereum and even though... Did you know there is a different way to drive donor engagement and raise funds for non-profit organizations? En novembre 2020, Nexi annonce sa fusion avec Nets , dans une transaction d'une valeur de 9,2 milliards d'euros, ne remettant pas en cause sa fusion avec SIA [ 4 ] . The new group will be led by the current CEO of Nexi, Paolo Bertoluzzo, as managing director and general manager. As reported earlier this year, consolidation in the digital payments sector has been strengthening. As reported earlier this year, consolidation in the digital payments sector has been strengthening. Nexi, Italy's largest payments firm, has dealt with its rival SIA to create digital payments with a market cap of $17.6 billion (15 billion euros), as it's estimated that the new entity will take a domestic market share of 70%. Nasce il leader europeo dei pagamenti, Nexi sugli scudi La società dei pagamenti Worldline acquisterà la concorrente francese, Ingenico, per 7,8 miliardi di euro, in contanti e carta. Nexi, dopo Nets e Sia ora c'è Ubi Oltra all’integrazione di Nexi con Nets e Sia, il Sole 24 Ore analizza anche gli altri progetti e operazioni della società. In order to fill monetization deficiencies in business models, fintech firms could start to merge to exploit synergies. EBITDA is down at €222 million from €276 million in 2018 (-19.56%) as the Net profit is €76 million, down by €19 million (-20%) compared to the previous financial year. Italian payments firms Nexi and SIA are exchanging confidential information as they explore a possible tie-up to create an Italian powerhouse in the sector, three sources familiar with the matter said. According to McKinsey, today’s new economics are expecting to introduce a new trend of consolidation especially in the fintech market. In fact, thanks to this merger, the service provided will touch the entire ecosystem: from national to international banking institutions, from large merchants to small retailers as well as Public Administration. The stake being placed by Nexi’s private equity owners comprises 84m shares. Therefore, Sia’s current shareholders will have a total of 30% of the new group and Cassa Depositi e Prestiti, the controlling shareholder of Sia as relative majority shareholder, will have a share of just over 25% while Mercury (the holding company of Bain Capital, Advent and Hourglass funds which is the main shareholder of Nexi) will have 23%. It will become strongly competitive in terms of digital innovation, technology and efficiency, essential characteristics in order to assist the entire banking and digital payments system in Italy and in Europe. In 2015 the bank was acquired by a consortium composed  of Bain Capital, Advent International and Clessidra SGR. Banking Services Cards and Payments Disruptors. The international fintech companies Cred (Israeli) and Responsive (Canadian) have joined Nexi Open, the open banking ecosystem of Italian PayTech Nexi. In the following decades anyway, it assumed a central role in the Italian scenario over the electronic shift of interbank transfer of funds and data, and consequently to the birth of modern interbank payment systems. This will necessarily increase barriers to entry in the Italian payment market. Nexi S.p.A. is an Italian bank that offers digital payment services and infrastructures for banks, firms, institutions, and public administration. Wells Fargo announced the launch of Payment Tracker, a new, single status, secure, web-based solution for tracking global payments. Italy's Nexi has struck its second tie-up in six weeks, agreeing a 7.8 billion euro ($9.2 billion) merger with Nordic rival Nets to create Europe's largest payments group. Cred is a financial technology company based in Tel Aviv and operating in the United States and Western Europe. According to a report from Reuters on Oct. 5, the all-share agreement will give Nexi roughly 70% of the newly merged company, with SIA having an equity value of 4.6 billion euros ($5.4 billion). The combination between Nexi and Nets would be carried out in the context of the quickly developing consolidation of the European and global digital payments sector, as already framed as part of the announced merger with SIA. MILAN (Reuters) - Italy’s Nexi and SIA agreed a long-awaited merger on Monday to create a dominant domestic payments group with 1.8 billion euros ($2 billion) in revenue and ambitions to expand in Europe. The parties aim to Given the strategic combination, the new company will be better positioned to capture multiple growth avenues, organic and inorganic. The growth through M&A will be supported by an increased cash generation, in fact, the new group is expected to generate operating cash flow for about €0.8bn (calculated as EBITDA net of ordinary capex and change in working capital). In winter 2019, two major mining firms entered a merger agreement to create what they purported would be the world’s largest mining firm. ( Log Out /  Nexi hopes to close the Nets deal in the second quarter of 2021 and SIA transactions in the third quarter. The Company is specialized in the payment technology field offering digital services and infrastructure to banks, individuals, businesses, institutions and the public administration. In addition, it has 41.6M cards, 900.000 merchant, 13.100 ATMs, and 469.000 corporate banking workstations. View today's stock price, news and analysis for Nexi S.p.A. (NEXI). The new group will generate €1.8bn in revenues, almost double the €984.1m revenues generated by Nexi in 2019, with estimated €1bn EBITDA and €0.8bn Operating Cash Flow. Private equity firms will own a total of 36%. On the eve of the deal’s finalization, the Financial Times had characterized the merger as heralding the potential creation of “one of Europe’s largest fintech groups.”. (Credit: Marcus Qwertyus/Wikpedia.) ( Log Out /  Discussions have reportedly been ongoing for a year but faltered as the parties could not determine a valuation for SIA. “A fintech with a large transactional customer base but no lending capability, for instance, might acquire credit expertise and the relevant technology in order to offer a broader customer value proposition”. According to a report from Reuters on Oct. 5, the all-share agreement will give Nexi roughly 70% of the newly merged company, with SIA having an equity value of 4.6 billion euros ($5.4 billion). The month of October saw Italian PayTech Nexi and SIA sign a memorandum of understanding (MoU) in a bid to integrate the two groups through the merger by incorporation of SIA into Nexi. Bancomat S.p.A., CBI S.c.p.A as well as Borsa Italiana, to which in particular it provides the trading and post-trading services. Mercury-backed Nexi, an Italy-based financial technology company, is set to merge with SIA, a financial technology solutions provider, in a $5.3bn deal. Both Nexi and SIA are based in Milan, and talks are reported to have taken over 18 months, beset by lingering indecision over governance terms and valuations. View today's stock price, news and analysis for Nexi S.p.A. (NEXI). ... Nexi S.p.A.'s Merger With Incorporation Of SIA S.p.A. European payments provider, Contis also recently announced a partnership with UK FinTech Ordo. Italian payments firms Nexi and SIA are exchanging confidential information as they explore a possible tie-up to create an Italian powerhouse in the sector, three sources familiar with the matter said. The strategic combination will be executed as an all-share merger whereby Nets’ shareholders will receive about 406.6 million new Nexi shares, resulting in a pro-forma ownership of 39% in Nexi + Nets (or 31% when considering Nexi + Nets + SIA). It will become a key technological partner for various banks and financial institutions through its partnerships with the principal players in the sector e.g. Italy’s largest payments firm Nexi has struck a deal with its rival, SIA, to create a digital payments behemoth with a market cap of 15 billion euros ($17.6 billion). In February, French fintechs Ingenico and Worldline merged to create the world’s fourth-largest payments firm. The major shareholders of SIA and their respective equity stakes are: FSIA Investment (57.42%), Cassa Depositi e Prestiti – CDP Equity (25.70%), Banco BPM (5.33%), Mediolanum (2.85%) e Deutsche Bank (2.58%). Il ceo di Nexi, Paolo Bertoluzzo, ha commentato: “Grazie all’operazione appena annunciata, che segue il recente accordo per la fusione con SIA, nasce la PayTech leader a livello europeo con scala e competenze uniche per In particular: Thanks to the combination of two highly complementary models, the new company, will be able to compete with a wide range of best-in-class solutions entirely developed in-house. Barron's also provides information on historical stock ratings, target prices, company earnings, market valuation and more. Nexi-Sia-Nets: the digital payments blockbuster BSCM would like to thank FactSet for providing charts and data. SIA S.p.A. is the European leader in the design, creation and management of technology infrastructures and services for different players (Financial Institutions, Central Banks, Corporates and the Public Sector among the others). An Italian preference for cash has held back digital transactions in the … CTRL + SPACE for auto-complete. Discussions may accelerate in June when the companies will review SIA's valuation ahead of a possible deal, one of the sources said. Nexi is advised by BofA Securities, HSBC Bank and Mediobanca – Banca di Credito Finanziario S.p.A. as financial advisors, Legance – Avvocati Associati as legal counsel, as well as by PWC for the financial and accounting due diligence and KPMG for tax matters. In merger negotiations, Bank of America, Mediobanca and HSBC acted as advisors for Nexi, with JPMorgan and Rothschild representing SIA. It’s estimated the new entity will take a domestic market The COVID-19 pandemic had some but not disruptive effects on Nexi’s financial statements as we can appreciate in the graph: Nexi’s revenues are split with the following percentages: Merchant Services & Solutions 51%, Cards and Digital Payments 38%, Digital Banking Solutions 11%. Nexi’s private equity owners Advent, Bain Capital and Clessidra will own 23% of the newly created fintech group. Nexi Nexi SpA was born in 2017 from the merger of ICBPI and CartaSì, respectively founded in 1939 and 1986. In merger negotiations, Bank of America, Mediobanca and HSBC acted as advisors for Nexi, with JPMorgan and Rothschild representing SIA. Tornano a intensificarsi i contatti tra Nexi e SIA per una potenziale fusione che creerebbe uno dei maggiori colossi dei pagamenti digitali in Europa. Italian payment group Nexi said on Sunday it would merge with smaller rival SIA to create a digital payments company with a capitalization of over 15 billion euros ($17.6 billion). Nexi and Sia have agreed upon an all-share €15bn merger to create an Italian payment giant that can compete at European level. The new entity will be 70% controlled by shareholders of Nexi and 30% controlled by Sia shareholders, including Italian sovereign wealth fund Cassa Depositi e Prestiti, which will have a 25% stake in the business. Italy’s largest payments firm Nexi has struck a deal with its rival, SIA, to create… Nexi, born in 2017, offers digital payment infrastructure to banks and public administrations, while Sia is known as a “payment processor,” … As we can appreciate from the graph here, Nexi and Sia are complementary for Technological Platform (Sia) and Operations plus Products/Solutions (Nexi). Nexi, Italy's largest payments firm, has dealt with its rival SIA to create digital payments with a market cap of $17.6 billion (15 billion euros), as it's estimated that the new entity will take a domestic market share of 70%. On the financial markets, the number of trading and post-trading transactions rose to €130 billion, with an average weekly transaction of €2.5 billion. Sia’s investors will hold the remainder, with 25 % shares in the hands of CDP. The Company’s business areas are focused on: payment systems – clearing and settlement of gross payments, management of interbank collections and payments, contactless payments and multichannel payments; payment cards – issuing and acquiring of debit, credit and prepaid cards for all domestic and international circuits; services to financial markets – trading and post trading technology platforms for financial markets; management of databases –  interbank register of bad cheques and payment cards and ATM procedural register and monitoring service; network – connectivity and data transport services to banks and financial firms.

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