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Weil Advises on One of the Largest Italian Deals of 2016

Weil represents Bain Capital and Advent International in the €1.1 billion acquisition by Mercury UK Holdco Limited of Setefi Processing and ISP Card from Italian bank Intesa Sanpaolo S.p.A.

Weil is advising Bain Capital and Advent International on the €1.1 billion acquisition by Mercury UK Holdco Limited, the current majority shareholder of Istituto Centrale delle Banche Popolari Italiane (ICBPI), of Setefi Services S.p.A (Setefi Processing) and Intesa Sanpaolo Card d.o.o. (ISP Card) from Italian bank Intesa Sanpaolo S.p.A. This is one of the largest Italian deals of 2016.

Setefi Processing, based in Milan, is a payment processing platform of Intesa Sanpaolo, one of Europe’s leading banking groups and Italy’s number one commercial bank. ISP Card is the payment processing platform of Intesa Sanpaolo’s CEE business and operates in nine countries including Hungary, Slovenia, Romania and Croatia. Together, these platforms support a comprehensive portfolio of products including a broad range of payment card types for Intesa Sanpaolo’s end customers.

Marco Compagnoni, co-head of global Private Equity said, “Bain and Advent have once again demonstrated their leading experience in the payment processing sector through this milestone transaction. We are delighted to have been able to work with them again on one of the largest Italian deals of the year so far.”

The Weil team was led by Marco Compagnoni, working with Lewis Blakey. Antitrust advice was provided by Neil Rigby. The team also advised Bain Capital and Advent International on the acquisition of ICBPI, one of the largest Italian deals of 2015.

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