Banking services firm Istituto Centrale delle Banche Popolari (Icbpi) is targeting Deutsche Bank Italian payment services business, MF Milano Finanza, writes today.
Icbpi, which is owned by Advent, Bain Capital and Clessidra private equity firms and led by new ceo Paolo Bertoluzzo. had just won auction for Intesa Sanpaolo’s card payment services business Setefi last May in a 1.35 billion euros deal (see here a previous post by BeBeez).
Icbpi already owns CartaSì card business and is also in advanced talks to buy control of Bassilichi, an Italian leader in business process outsourcing working for banks, corporate companies and public administration entities. Bassilichi is today owned by its ceoLeonardo Bassilichi (23.05%), MP Venture sgr (19%), Monte dei Paschi (11.74%), Finanziaria Senese di Sviluppo (12.84%), Sici sgr (fondo Toscana Venture, 11.29%, and fondo Centro Invest, 5%) and Banca Popolare dell’Emilia Romagna (8.87%).
Deutsche Bank’s card business is said to valued about one billion euros and a formal sale process is going to starr in the next few weeks. Icbpi won’t be the only bidder. Setefi’s auction saw some private equity firms working on the dossier, such as CVC and Permira (who lost auction for Icbpi itself last year) but the most aggressive competitor on Setefi’s auction had been Sia, the European leader in payments infrastructures and technological services for banks and financial companies which is controlled by Cdp Equity (former Fondo Strategico Italiano) and funds by F2i sgr and Orizzonte sgr.