Nexi Owners Pick BofA, Credit Suisse for Fintech IPO

(Bloomberg) -- The private equity owners of Italian payment-services firm Nexi Group have selected advisers including Bank of America Corp. and Credit Suisse Group AG to manage its potential initial public offering, people familiar with the matter said.

Banca IMI SpA, Goldman Sachs Group Inc. and Mediobanca SpA were also picked to work on the share sale, the people said, asking not to be named as the details aren’t public. An IPO may be held in Milan this year, depending on investors’ appetite for the stock and the equity market’s condition, they said.

Advent International, Bain Capital and Clessidra aim to raise roughly 2 billion euros ($2.3 billion) in the share sale, giving Nexi a valuation ranging from about 5 billion euros to 6 billion euros, people familiar had said to Bloomberg earlier this month.

Representatives for Nexi, Advent, Bain, Clessidra, Bank of America, Credit Suisse, Goldman Sachs, Banca IMI and Mediobanca declined to comment.

Evercore Inc. has been hired as an independent adviser for the IPO, people familiar with the matter said earlier this month.

To contact the reporters on this story: Ruth David in London at rdavid9@bloomberg.net;Sonia Sirletti in Milan at ssirletti@bloomberg.net;Sarah Syed in London at ssyed35@bloomberg.net

To contact the editors responsible for this story: Daniel Hauck at dhauck1@bloomberg.net, Chitra Somayaji, Amy Thomson

©2019 Bloomberg L.P.