Bain, Advent Said to Pick Evercore for IPO of Payments Firm Nexi

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 ...