Nexi S.p.A. formerly known as Istituto Centrale delle Banche Popolari Italiane S.p.A. (ICBPI) is an Italian bank that specialises in payment systems such as Nexi Payments (formerly known as CartaSi). The bank was specialised as a central institution of Italian Popular Bank. ( it, Banca Popolare).
History
Istituto Centrale delle Banche Popolari Italiane (ICBPI) was founded by
Banca Popolare di Cremona,
Intra,
Lecco
Lecco (, , ; lmo, label= Lecchese, Lècch ) is a city of 48,131 inhabitants in Lombardy, northern Italy, north of Milan. It lies at the end of the south-eastern branch of Lake Como (the branch is named ''Branch of Lecco'' / ''Ramo di Lecco''). ...
,
Lodi,
Luino e Varese and
Verona
Verona ( , ; vec, Verona or ) is a city on the Adige River in Veneto, Italy, with 258,031 inhabitants. It is one of the seven provincial capitals of the region. It is the largest city municipality in the region and the second largest in nor ...
in 1939.
In 2006, it acquired Key Client Cards & Solutions, a spin-off of
Deutsche Bank
Deutsche Bank AG (), sometimes referred to simply as Deutsche, is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Sto ...
. Since January 28, 2008, the Automated Clearing House – ACH
Sepa Compliant with ICCREA Banca has been activated. In April 2008, it incorporated the Centralized Services Joint Stock Company – Seceti. On 15 September, 2008, in Vienna ICBPI signed an agreement with Equens SE for the establishment of the Equens Italia joint venture, which will carry out the Automated Clearing House activity in Italy as insourcer of ICBPI and ICCREA.
At the end of 2008, the process of acquiring the majority of S.I. Holding (which controls 100% CartaSi S.p.A., Si Servizi S.p.A., Si Call S.p.A., Carta Facile S.p.A, CartaSi Capital S.p.A. and SiRe Business Services LTD), concluding the acquisition, following the obtaining of the required authorizations from the
Italian Competition Authority
The Italian Competition Authority ( it, Autorità Garante della Concorrenza e del Mercato, AGCM) is the competition regulator in Italy. It is an Italian quasi-autonomous non-governmental organization established on the basis of Law №287 of 10 Oc ...
, in particular the
Bank of Italy
The Bank of Italy ( Italian: ''Banca d'Italia'', informally referred to as ''Bankitalia''), (), is the central bank of Italy and part of the European System of Central Banks. It is located in Palazzo Koch, via Nazionale, Rome. The bank's cur ...
and the Antitrust Authority, in June 2009.
In September 2010, the formalization of an agreement for the purchase of the
custodian bank
A custodian bank, or simply custodian, is a specialized financial institution responsible for providing securities services. It safeguards assets of asset managers, insurance companies, hedge funds, and is not engaged in "traditional" commercial ...
business from
Banca Carige
Banca Carige S.p.A., historically known as Cassa di Risparmio di Genova e Imperia (Ca.Ri.Ge.) is an Italian bank based in Genoa, with more than 500 bank branches in Italy. The predecessor of the bank, a mount of piety, was founded in 1483 in G ...
was announced for 19.5 million euro. In November 2010, the acquisition of the custodian bank activity from
Banca Sella
Banca Sella Holding S.p.A. is an Italian holding company for the Banca Sella Group ( it, Gruppo Banca Sella). The main company of the group was Banca Sella S.p.A., an Italian bank based in Biella, Piedmont.
According to research by Mediobanca, ...
was announced, which at the same time became a shareholder of ICBPI with a 0.96% stake. In November 2010, the ICBPI was condemned by the Antitrust to pay a fine of 490,000 euros for agreements restricting competition in relation to the credit card sector, which was subsequently suspended by the Lazio TAR.
In 2015, the bank was acquired by a consortium of
Bain Capital
Bain Capital is an American private investment firm based in Boston. It specializes in private equity, venture capital, credit, public equity, impact investing, life sciences, and real estate. Bain Capital invests across a range of industry se ...
,
Advent International
Advent International is a global private equity firm focused on buyouts of companies in Western and Central Europe, North America, Latin America and Asia. The firm focuses on international buyouts, growth and strategic restructuring in five core ...
and
Clessidra SGR; the investment managers incorporated a
SPV "Mercury Bondco plc" to issue
notes
Note, notes, or NOTE may refer to:
Music and entertainment
* Musical note, a pitched sound (or a symbol for a sound) in music
* ''Notes'' (album), a 1987 album by Paul Bley and Paul Motian
* ''Notes'', a common (yet unofficial) shortened versio ...
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.
On 5 October 2020, it was announced Nexi will merge with ]SIA S.p.A.
SIA S.p.A. is an Italian company operating in the area of ICT, providing solutions and technologies to the banking and finance sector in addition to platforms for financial markets and e-payment services.
History
The company was founded in 197 ...
, will create one of Europe’s largest fintech groups.
On June 16, 2021, the merger deed with the Danish Nets was signed, which allows Nexi to expand its range of action at a European level; finally, on October 15, 2021, the Competition and Market Authority approved with indication the merger by incorporation of SIA spa into Nexi. This further step generates the first European group in the payment systems sector.
Shareholders
Before Mercury
Credito Valtellinese
Credito Valtellinese (Creval) is an Italian bank based in Sondrio, Lombardy, Italy. The company was a former component of FTSE Italia Mid Cap Index of the Borsa Italiana (Milan Stock Exchange), but was removed and added as a component of Index in ...
(Creval) was the largest shareholders of the bank for 20.39% as at 1 January 2015.
On 18 December 2015, the shares held by Creval (18.39%), Banco Popolare
Banco Popolare Società Cooperativa was an Italian bank, formed in 2007 from the merger of Banco Popolare di Verona e Novara (BPVN) and Banca Popolare Italiana (BPI). The bank merged with Banca Popolare di Milano on 1 January 2017.
The bank was ...
(13.88%), Banca Popolare di Vicenza
Banca Popolare di Vicenza (BPVi) was an Italian bank and currently a winding-down company. The banking group along was the 15th-largest retail and corporate bank of Italy by total assets at 31 December 2016, according to Mediobanca. However, its si ...
(9.99%), Veneto Banca
Veneto Banca S.p.A. is a former Italian bank headquartered in Montebelluna, Italy and currently a wind-down unit.
The bank changed from a cooperative society to a limited company in December 2015. Following a failed stock market listing in June ...
(9.99%), Banca Popolare dell'Emilia Romagna
BPER Banca S.p.A., formerly known as Banca Popolare dell'Emilia Romagna S.C., is an Italian banking group offering traditional banking services to individuals, corporate and public entities. The company is based in Modena and is a constituent of ...
(9.14%), ICCREA Holding
ICCREA Group known formerly as Istituto Centrale delle Casse Rurali ed Artigiane, is a central institution of Italian credit unions and rural savings banks. The holding company of the group was ICCREA Holding (from 1995 to 2016), while ICCREA Banca ...
(7.42%), Banca Popolare di Cividale
Banca Popolare di Cividale is an Italian cooperative bank based in Cividale del Friuli, Friuli - Venezia Giulia.
History
Banca Popolare di Cividale società cooperativa a responsabilità limitata was found in 1886. In 2000 the bank acquired the co ...
(4.44%), UBI Banca
Unione di Banche Italiane S.p.A., commonly known for its trading name UBI Banca, was an Italian banking group, the fifth largest in Italy by number of branches. It was formed on 1 April 2007 from the merger of the Banche Popolari Unite (trading ...
(4.04%), Banca Popolare di Milano
Banca Popolare di Milano S.p.A. also known as Bipiemme or just BPM is an Italian bank based in Milan, Lombardy. The bank is a wholly owned subsidiary of Banco BPM. Banca Popolare di Milano S.c. a r.l., an urban area cooperative bank, was founde ...
(4.00%), Banca Carige
Banca Carige S.p.A., historically known as Cassa di Risparmio di Genova e Imperia (Ca.Ri.Ge.) is an Italian bank based in Genoa, with more than 500 bank branches in Italy. The predecessor of the bank, a mount of piety, was founded in 1483 in G ...
(2.20%), Banca Sella Holding
Banca Sella Holding S.p.A. is an Italian holding company for the Banca Sella Group ( it, Gruppo Banca Sella). The main company of the group was Banca Sella S.p.A., an Italian bank based in Biella, Piedmont.
According to research by Mediobanca, B ...
(1.80%) and some minor banks, were sold to an intermediate holding company Mercury Italy S.r.l.. (an investment vehicle indirectly owned by funds advised by Bain Capital
Bain Capital is an American private investment firm based in Boston. It specializes in private equity, venture capital, credit, public equity, impact investing, life sciences, and real estate. Bain Capital invests across a range of industry se ...
, Advent International
Advent International is a global private equity firm focused on buyouts of companies in Western and Central Europe, North America, Latin America and Asia. The firm focuses on international buyouts, growth and strategic restructuring in five core ...
and Clessidra SGR) On 29 December 2016, Mercury Italy was merged with ICBPI, which Mercury UK Holdco Limited (parent of Mercury Italy) became the new parent company of the bank.[http://www.mercurybond.com/about-us/]
After Mercury
After the sales in December 2015, Credito Valtellinese (Creval) retained 1.9989% as the second largest shareholders, followed by Banca Popolare di Sondrio which did not sell (1.9973%). Creval, Banco Popolare
Banco Popolare Società Cooperativa was an Italian bank, formed in 2007 from the merger of Banco Popolare di Verona e Novara (BPVN) and Banca Popolare Italiana (BPI). The bank merged with Banca Popolare di Milano on 1 January 2017.
The bank was ...
(1.5%), Banca Popolare dell'Emilia Romagna
BPER Banca S.p.A., formerly known as Banca Popolare dell'Emilia Romagna S.C., is an Italian banking group offering traditional banking services to individuals, corporate and public entities. The company is based in Modena and is a constituent of ...
(1.5%), Banca Popolare di Milano
Banca Popolare di Milano S.p.A. also known as Bipiemme or just BPM is an Italian bank based in Milan, Lombardy. The bank is a wholly owned subsidiary of Banco BPM. Banca Popolare di Milano S.c. a r.l., an urban area cooperative bank, was founde ...
(BPM, 1.0%), UBI Banca
Unione di Banche Italiane S.p.A., commonly known for its trading name UBI Banca, was an Italian banking group, the fifth largest in Italy by number of branches. It was formed on 1 April 2007 from the merger of the Banche Popolari Unite (trading ...
(1.0%), Banca Popolare di Cividale
Banca Popolare di Cividale is an Italian cooperative bank based in Cividale del Friuli, Friuli - Venezia Giulia.
History
Banca Popolare di Cividale società cooperativa a responsabilità limitata was found in 1886. In 2000 the bank acquired the co ...
(0.7%), ICCREA Holding
ICCREA Group known formerly as Istituto Centrale delle Casse Rurali ed Artigiane, is a central institution of Italian credit unions and rural savings banks. The holding company of the group was ICCREA Holding (from 1995 to 2016), while ICCREA Banca ...
(0.5%), Banca Sella Holding
Banca Sella Holding S.p.A. is an Italian holding company for the Banca Sella Group ( it, Gruppo Banca Sella). The main company of the group was Banca Sella S.p.A., an Italian bank based in Biella, Piedmont.
According to research by Mediobanca, B ...
(0.2%) collectively retained about 8.4% shares.[
Other than BP Sondrio, only 5 more banks did not sell the shares: ]Banca Popolare di Bari
Banca Popolare di Bari S.C.p.A. (BP Bari) is an Italian bank based in Bari, Apulia region. The bank covers most of mainland Italy (13 of 18 regions), except Piedmont and Liguria, and all the autonomous regions of Italy: Aosta Valley, Trentino – S ...
(BP Bari; 0.1081%), Cassa di Sovvenzioni e Risparmio fra il Personale della Banca d'Italia (0.0121%), Banca Popolare del Frusinate
Banca Popolare del Frusinate S.C.p.A. (BPF) is an Italian cooperative bank based in Frosinone, Lazio. The bank was founded in 1992.
Sponsorship
The bank was a sponsor of Frosinone Calcio and Argos Volley (known as ''Globo Banca Popolare del Frusi ...
(0.0014%), Banca Popolare Vesuviana (0.0011%) and Cassa di Risparmio di Ferrara
Nuova Cassa di Risparmio di Ferrara S.p.A. known as Nuova Carife ew Carifein short, was an Italian bank, based in Ferrara, Emilia-Romagna. Nuova Carife was founded on 22 November 2015 as a good bank that spin off from the original Cassa di Rispar ...
(Carife, 0.0009%).
Since the merger of Banco Popolare and BPM on 1 January 2017, Banco BPM
Banco BPM S.p.A. is an Italian bank that started to operate on 1 January 2017, by the merger of Banco Popolare and Banca Popolare di Milano (BPM) (approved by the board of directors on 24 May 2016). The bank is the third largest retail and corpora ...
became the second largest shareholder of ICBPI. As BPER Banca (ex-Banca Popolare dell'Emilia Romagna) 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 (by banking group and excluding treasury shares).
Footnotes
References
External links
*
{{authority control
Banks established in 1939
Italian companies established in 1939
banks of Italy
Companies based in Milan
Credito Valtellinese
BPER Banca
Banco Popolare
Former cooperative banks of Italy