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BSP in the merger of Nexi with Nets deed to form European PayTech

The team led by Linda Harroch, Partner and Head of the Private Equity department at BSP, and composed of Yseult Tournebize, Counsel, acted as Luxembourg counsel, assisting Nexi in the merger with Nets. The combined Group will be a leading European PayTech with unique capabilities, distribution network, breadth of offering and with an overall addressable market expanded 4x compared to Nexi standalone.

Nexi is the leading PayTech company in Italy, the reference point for digital payments in the country. The company, listed on MTA of Borsa Italiana, operates in strong partnership with 150 partner banks.

The transaction gives Nexi greater exposure to attractive fast-growing and underpenetrated regions of Europe. The combined Group will be well positioned to capture further organic and inorganic growth opportunities. This is underpinned by the addressable market size and favourable industry dynamics such as the accelerated shift towards digital payments across Europe and increased demand for a full-service payment provider.

The merger has received all the required regulatory approvals and became effective 1 July 2021, after publication of the prospectus for the listing on the MTA of the Nexi shares to be issued as effect of the merger.

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