Nexi


Nexi S.p.A. formerly known as Istituto Centrale delle Banche Popolari Italiane S.p.A. is an Italian bank that specialise in payment systems such as . The bank was specialised as a central institution of Italian Popular Bank..

History

Istituto Centrale delle Banche Popolari Italiane was found by Banca Popolare di Cremona, Intra, Lecco, Lodi, Luino e Varese and Verona in 1939.
In 2015 the bank was acquired by a consortium of Bain Capital, Advent International and Clessidra SGR; the investment managers incorporated a SPV "Mercury Bondco plc" to issue notes to raise debt, in order to lend to sister companies: Mercury A Capital Limited, Mercury B Capital Limited and Mercury ABC Capital Limited, the parent companies of Mercury UK Holdco Limited, which in turn the parent company of ICBPI.
In February 2017 ICPBI acquired the card business of Banca Monte dei Paschi di Siena for €520 million.
In November 2017, the company was renamed to Nexi, while its card business was renamed from CartaSi to Nexi Payments.

Shareholders

Before Mercury

was the largest shareholders of the bank for 20.387% as at 1 January 2015.
On 18 December 2015, the shares held by Creval, Banco Popolare, Banca Popolare di Vicenza, Veneto Banca, Banca Popolare dell'Emilia Romagna, ICCREA Holding, Banca Popolare di Cividale, UBI Banca, Banca Popolare di Milano, Banca Carige, Banca Sella Holding and some minor banks, were sold to an intermediate holding company Mercury Italy S.r.l.. On 29 December 2016, Mercury Italy was merged with ICBPI, which Mercury UK Holdco Limited became the new parent company of the bank.

After Mercury

After the sales in December 2015, Credito Valtellinese retained 1.9989% as the second largest shareholders, followed by Banca Popolare di Sondrio which did not sell. Creval, Banco Popolare, Banca Popolare dell'Emilia Romagna, Banca Popolare di Milano, UBI Banca, Banca Popolare di Cividale, ICCREA Holding, Banca Sella Holding collectively retained about 8.4% shares.
Other than BP Sondrio, only 5 more banks did not sell the shares: Banca Popolare di Bari, Cassa di Sovvenzioni e Risparmio fra il Personale della Banca d'Italia, Banca Popolare del Frusinate, Banca Popolare Vesuviana and Cassa di Risparmio di Ferrara.
Since the merger of Banco Popolare and BPM on 1 January 2017, Banco BPM became the second largest shareholder of ICBPI. As BPER Banca also acquired Nuova Carife, as well as the disinvestment of by Cassa di Sovvenzioni e Risparmio fra il Personale della Banca d'Italia and BP Bari, making the shareholders base of ICBPI was further reduced to 11 entities.

Footnotes