Kitra Advisory with Nexi in the acquisition of Banca Popolare di Sondrio’s merchant acquiring business
Description of the deal
Kitra Advisory, together with Equita, advised Nexi S.p.A. on the acquisition of Banca Popolare di Sondrio S.p.A.’s merchant acquiring business. The transaction also involved Nexi’s repurchase of the minority interest held by Banca Popolare di Sondrio in Nexi Payments S.p.A. The total consideration for the transaction amounts to €162.7 million.
Company Profile
Nexi is a leading European PayTech company that provides a wide range of digital payment solutions. It operates in high-growth, technologically advanced European markets and offers services in three core segments: Merchant Solutions, Issuing Solutions, and Digital Banking Solutions
Rationale of the Deal
The agreement with Banca Popolare di Sondrio, which will be merged into BPER as of April 2026, represents a strategic transaction for Nexi. The transaction further strengthens the Group’s presence in merchant acquiring, against increasing competition and new entrants to the market.
