Nexi SpA’s private-equity backers are selling shares worth as much as 1.4 billion euros ($1.65 billion), at a time when the company is expanding its footprint in the global payments industry.
Shares have nearly doubled since the company priced its initial public offering at 9 euros in April last year. Mercury UK HoldCo Ltd., a holding company owned by Advent International, Bain Capital Europe and Clessidra SGR, is selling 84 million shares or a 13.4% stake.
The accelerated share offering is being marketed with reference to Tuesday’s closing price of 16.855 euros, according to terms seen by Bloomberg.
Milan-based Nexi ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.