The long-term synergies of the deal are expected to amount to €150m as reported by the Financial Times. On the opposite side, the company will result in having a significant debt, mostly deriving from the strategy followed in the last period, which includes numerous acquisitions and dividend payments to shareholders. If Nexi were to buy Nets, it would extend its reach as a pan-European payments giant with operations spanning Italy, German-speaking countries and the Nordics. MILAN (Reuters) - The European Commission has given an unconditional authorization to the 7.8 billion euro ($9.28 billion) merger between Nexi and Nordic rival Nets, the Italian payment group said on Tuesday. The merger does not require the issuance of any additional debt but will bring the refinancing of Nets' €1.5 billion debt pile backed by a €1.7 billion bridge loan. Implied Equity Value: €7.8bn. By Riccardo Colombo, Lorenzo Mirone, Federico De Rosa (Università Bocconi) Tim Bamberger and Affan Ahmed (King’s College London), Total Transaction Size: €7.8bn - 100% of the target shares, Target advisor: Credit Suisse, JP Morgan - lead financial advisors. Nexi, the Milan-based payments processor which merged with SIA last month, is now set to buy rival Copenhagen-based Nets in a $9.2 billion (€7.8 billion) deal. Written by Ruby Hinchliffe. MILAN (Reuters) - 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. Nexi-SIA synergies concentrate primarily on revenue distribution and digital banking & corporate solutions. Italian payment processor Nexi is in exclusive talks on a merger with Nordic counterpart Next, creating an at-scale pan-European powerhouse. On closing the group is expected to have a leverage multiple of 3.3x (2020E including synergies), compared with current multiples of 3.7x and 4.8x for Nexi and Nets, respectively. Consolidation is sweeping through the fast-expanding payments industry and the … Intesa Sanpaolo (ISP.Italy), a Nexi shareholder, supports the Nets acquisition, which is also backed by Nexi and Nets shareholders. This opportunity projects Nexi as one of the most relevant stocks in the FTSE MIB Index, due also to the forecasted EBITDA growth of 13–16% in the medium run, significantly higher than European competitors. MILAN (Reuters) - 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. Nets is a leading provider of digital payment services and related technology solutions across Europe. Nexi and Nets have entered into exclusive merger negotiations in a deal that could potentially by worth around USD 8.00 billion. Comparing Worldline/Ingenico and Nexi/Nets Groups, European Retail Payments Market Leaders Worldline recently completed its merger with Ingenico. Nexi had previously been looking to expand their client base through a few acquisitions of smaller payment providers, such Concardis. The group will not be expected to suffer from long-term financial pressures resulting from the acquisition since no stakeholders expect extensive debt to be issued. 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. A theoretical combination will create the leading European player in the digital payments landscape, with unprecedented scope, software, expertise and product portfolio, to serve a wide variety of clients as a "one-stop-shop." ... “We view the SIA-Nexi merger as a strategically important deal for Nexi … Reporting by Elisa Anzolin, writing by Cristina Carlevaro, editing by Giulia Segreti. The customer portfolio is deeply concentrated: in fact the 10 principal banks served accounts for 60% of the revenues. In addition, Nets manages a deep-rooted network connecting merchants, financial institutions, corporate customers and consumers, enabling them to make and receive digital payments. The transaction comes amid a wave of consolidation in the payments sector. Following the deal, Nexi will become the European paytech leader, with a presence in more than 25 countries of the continent. Nets and Nexi, two leading players in the European payments industry, are in exclusive negotiations to reach a potential binding agreement on the terms of a merger. In parallel, Nexi and Nets have agreed in principle to merge. 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. Looking at future positive growth, Nexi-Nets has the great opportunity to develop together with the Italian market of digital payments, which is strongly behind European average. Nexi has announced in a press release that the transaction will be an all-share merger including long-term lock-up commitments. Both groups are leading players in the European payments industry and together would be the number one pan-European PayTech provider. There are already reports that Nexi has made a non-binding offer for Denmark-based Nets, according to Bloomberg.. Nexi could come up … Nexi’s acquisition of Nets creates Europe’s largest payments firm by volume. We will make all payments digital so that they’ll be easier, faster and more secure. Nets provides merchant acquiring services, point-of-sale (POS) terminals and enabled payment gateways, card processing services, and smart payment cards. Nexi hereby announces that today the European Commission granted the clearance to the proposed merger between Nets and Nexi. Founded in 1968, headquartered in Ballerup, Denmark. The listed Italian payment solutions group Nexi S.p.A. announced the merger with the Nordic payment services provider Nets A/S in a transaction implying an enterprise value for Nets A/S of EUR 7.8bn. Italy's Nexi clinches all-share merger with Nordic rival Nets Back to video Under a binding accord the two companies have signed at the end of an exclusivity period, shareholders in Nets are set to receive 406.6 million newly-issued Nexi shares which will be subject to a lockup mechanism of up to 24 months post-closing. The synergies of Nexi-Nets rely primarily on merchant providers for sales and on those outside Italy for revenue. For both networks, a simple, oriented and properly-phased integration and synergy realization plan has been established. Total Transaction Size: €7.8bn - 100% of the target shares. 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. More importantly, it offers great opportunities for the newly-formed merger to take remnants of Wirecard’s market share that remain unclaimed. These two events culminate a decade of consolidation in the European retail payments market. The latest merger is in an effort to establish SIA and Nexi in the wider consolidation play in the international payments space. News of its approach follows Nexi’s agreement to buy SIA for 4.56 billion euros ($5.3 billion) to create one of … Closed date: 15th of November 2020. Founded in 2017, headquartered in Milan, Italy. In parallel, Nexi and Nets have agreed in principle to merge. Nexi SpA is already hunting for its next target after agreeing a milestone payments merger with Italian rival SIA SpA, as consolidation in the sector shows little sign of easing. Nexi also said to make bid for Danish payments company Nets The Nexi SpA headquarters in Milan, Italy. All quotes delayed a minimum of 15 minutes. Strategic combination between Nexi and Nets creates a powerful European PayTech leader Ingress Nets and Nexi have signed a binding framework agreement for an all-share merger creating a leading pan-European PayTech player and one of the most advanced and innovative digital powerhouses well-positioned to drive the continued transition to digital payments in Europe. At the same time, a concentrated collection of joint fast-track initiatives will be introduced from the very outset to ensure that the production of value from synergies begins immediately after closure. The Italian government is also planning to incentivize digital and card payments with a cash-back system based on the total amount of purchases, a measure that, if approved by the parliament, will add a boost to the development of this sector. Nexi SpA’s acquisition of Nets benefits the long-term vision of investors to gain a larger market share in the international payment provider industry. The European Commission has given an unconditional authorization to the 7.8 billion euro ($9.28 billion) merger between Nexi and Nordic rival Nets, the Italian payment group said on Tuesday. MILAN — Italy’s biggest payments group Nexi said on Monday it was in exclusive talks to agree a merger with Nordic rival Nets, in a potential deal worth nearly $10 billion that follows an accord with smaller Milan-based peer SIA. Nexi SpA (formerly known as CartaSi) is a financial technology company based in Italy, and its core business is the provision of best-in-class services and digital infrastructures aimed at supporting banks, individuals, businesses, institutions and public administration. See here for a complete list of exchanges and delays. March 9, 2021 Nexi hereby announces that today the European Commission granted the clearance to the proposed merger between Nets and Nexi… Target advisor: Credit Suisse, JP Morgan - lead financial advisors. After a successful integration, Nexi will possess the strength to expand its position on a global level. Linklaters has advised Nexi, a leading paytech company in Italy, on its framework agreement with the parent company of Nets, a pan-European paytech company, for the integration of the two groups. MILAN (Reuters) - The European Commission has given an unconditional authorization to the 7.8 billion euro ($9.28 billion) merger between Nexi and Nordic rival Nets, the Italian payment group said on Tuesday. The merger will create the Europe’s largest payments group. 18th November 2020. •Strategic combination of Nexi and Nets structured as an all-share cross-border merger on the basis of equivalent 2020 EBITDA multiples with Nets’ shareholders receiving 407m new Nexi shares •Based on Nexi share price as of 13 November, Nets’ Enterprise Value … MILAN (Reuters) - 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. The deal, which is expected to be worth £10 billion, will give Nexi a hold on payments processing in the Nordics, while extending its influence to central and eastern Europe. Nexi is also a key player in the world of investments. It operates through 3 main channels: Merchant Services, Issuer & eSecurity Services, and Corporate Services. Mercury-backed Nexi, an Italy-based financial technology company, agreed to merge with Nets, a Danish payments company, in a $9.2bn deal, including $2.1bn of debt. Nets operates along the entire payment value chain, from payment authorisation to settlement. Nexi entered the exclusive discussions in early November over a potential $8 billion deal, which would follow an agreement struck with Milan-based SIA just a month ago for a multi-billion merger … Posted on November 2, 2020 European payments rivals Nets of Denmark and Nexi of Italy have negotiated an “all-share” merger deal that would establish a large payments … In addition to this, the Italian economy is trending towards the use of digital and card payments, boosted by e-commerce tailwinds from the pandemic, so the projected path seems to be credible. According to Bloomberg, the deal will create Europe’s largest payments firm by volume, number of customers and …

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