Nexi-SIA. One of the main European players in digital payments is founded
CDP Equity helped to establish a new Italian digital payments champion, created from the integration of SIA with Nexi. The merger by incorporation of SIA into Nexi took place on 5 October 2020, with the signing of a memorandum of understanding. Subsequently has been announced the merger of Nets in Nexi.
General outlookThe digital payments market is extremely important for the future of Europe and this operation will lead to the development of a new Italian technological hub.
The investment strategyCDP Equity will hold a relative majority share of the new born company, that will take place with the merger of Sia in Nexi and of Nets in Nexi. During a phase of industry consolidation, the new company will play the role of a pan-european leader both in the digital payments sector and in its dedicated infrastructures. For CDP Equity it is a long-term investment with a systemic value that is not limited to the italian market. This investment will boosts the innovative dynamics in the digital payments sector and will increase its transparency and security for the whole payment ecosystem along the entire value chain.
The actors involved
The numbers for the operationWith two million operators, 120 million credit cards and more than 21 billion annual transactions, it will be the biggest digital payments group in continental Europe €150 million will be made in synergies.
€ 25 bln Market capitalisation (estimate)
The new group will be one of the top ten companies listed in the main list of Borsa Italiana.
The +35% float confirms the market’s logic for the operation.
€ 300 mln Synergies
With this operation there will be more than € 300 mln of expected synergies.