(Bloomberg) -- The private equity owners of Italian payment-services firm Nexi Group have picked Evercore Inc. to advise on a potential initial public offering this year, according to people familiar with the matter.
Advent International, Bain Capital and Clessidra aim to raise roughly 2 billion euros ($2.3 billion) in the IPO this year, giving Nexi a valuation ranging from about 5 billion euros to 6 billion euros, the people said. But the process is in early stages and the figures may change, they said, asking not to be identified as the details aren’t public.
The owners could select additional investment banks to manage the sale in the coming months, the people said. Representatives for Nexi, Advent, Bain, Clessidra and Evercore declined to comment.
European payment services firms have seen a slew of mergers and share sales in the last few years as the industry consolidates in Europe. Shares of Dutch payments firm Adyen NV, which listed in Amsterdam in June, have more than doubled since it began trading. That compares with a 3 percent average gain for newly listed stocks in Europe last year, data compiled by Bloomberg show.
Nexi Group was formed by combining several companies including Istituto Centrale delle Banche Popolari Italiane SpA, which the three private equity firms acquired for 2.15 billion euros ($2.5 billion) in 2015.
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