Nexi in TPG’s sights: the U.S. fund targets the digital banking solutions division

The Italian PayTech giant has confirmed that it has received an offer of around €1 billion for the sale of a strategic part of its business. The Board of Directors will make a decision by December.

Nexi, the Italian PayTech company listed on the FTSE MIB, has confirmed that it has received a proposal from the U.S. fund TPG—still subject to several conditions—for the acquisition of certain assets belonging to its Digital Banking Solutions business unit. In an official statement, the group said that the Board of Directors “has reserved any assessment in this regard.”

According to Bloomberg, the offer is binding and amounts to around €1 billion. The proposal, the result of months of negotiations, was formalized in recent days, and it is now up to Nexi’s board to decide whether to give the go-ahead for the transaction. The decision deadline is reportedly set for mid-December.

The deal is particularly sensitive given the weight of institutional investors in Nexi’s shareholding structure: among the main shareholders are Cassa Depositi e Prestiti, with a 13.56% stake, and Poste Italiane, with 3.54%.

A potential sale would therefore mark a key step in the group’s strategy to streamline its operations and strengthen its position in the European digital payments market.

Andrea Pelucchi