PE firms sell €1.3bn of Nexi stock after SIA merger deal

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By Aidan Gregory
07 Oct 2020

Private equity firms Bain Capital, Advent International and Clessidra have completed a huge sell-down of stock in Nexi, days after the Italian payments company unveiled plans for a €4.6bn merger with Sia, a close rival.

BarclaysCitigroupGoldman SachsIntesa Sanpaolo and UniCredit were bookrunners on the transaction, which is one of the largest equity block trades in the EMEA region this year.

The €1.3bn sale consisted of 84m shares in Nexi, a 13.4% stake, at a final offer price of €15.50. That is ...

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