Nexi Buys Nets in $9.2 Billion Deal to Create Payment Giant
Posted - 23.11.2020
| Selected Deals
Elvinger Hoss Prussen advises on Luxembourg aspects of the €7.8bn merger of Nets with Nexi.
Elvinger Hoss Prussen is advising on the Luxembourg aspects Hellmann & Friedman and Nets, a leading payment services provider on the all-share merger of Nets into Nexi, in a transaction valued at €7.8bn.
Nets is a leading pan-European PayTech player, active in 20 countries, and owned by a consortium of private equity firms made up of Hellman & Friedman, Advent International, Bain Capital and GIC. Nexi is the leading PayTech company in Italy and listed on MTA of Borsa Italiana. The merger is subject to, among other conditions, regulatory and antitrust approvals, and is expected to close in Q2 2021.
The Elvinger Hoss team was led by partner Toinon Hoss.