The listed Italian payment solutions group Nexi S.p.A. merges with the Nordic payment services provider Nets A/S in a transaction implying an enterprise value for Nets A/S of EUR 7.8bn.
Consequently, Nets A/S will continue as part of Nexi S.p.A. which will be the leading digital payment services provider in Europe after the merger.
The transaction will be completed through payment in shares with long-term lock-up commitments provided by the existing shareholders in Nets A/S. The merger is expected to lead to substantial synergies and annual cost savings.
Nexi S.p.A. is leading in Italy within digital payment solutions. The company collaborates with 150 banks and processes more than 5.5bn payment transactions every year. More than 900,000 business owners use a solution from Nexi S.p.A. to collect payments.
Nets A/S is the leading payment services provider in the Nordic countries and the company is also present in Germany, Austria, Switzerland as well as Central and Eastern Europe.
In close collaboration with Linklaters, Accura advised Nexi S.p.A. and the company’s owners in connection with the merger. Accura’s team consisted of more than 40 attorneys and was headed by Jacob Vinther and Kenny Michael Andersen.