May 01, 2016 5:15 AM ET

Capital Markets

Company Overview of Istituto Centrale delle Banche Popolari Italiane Spa

Company Overview

Istituto Centrale delle Banche Popolari Italiane S.p.A. provides business process outsourcing services for banks, financial institutions and insurance companies, and business and public administration sector in Italy. The company offers various payment services, including clearing and electronic payments services; and securities services comprising investment services, such as collection of orders, trading, employment, clearing, settlement, and custody services, as well as carries out the custodian and fund administration activities. It also provides enterprise banking services, such as e-banking, interbank corporate banking, pensions and payouts, and electronic billing services, as well as ...

Corso Europa 18

Milan, MI 20122

Italy

Founded in 1939

Phone:

39 02 77051

Fax:

39 027 705259

Key Executives for Istituto Centrale delle Banche Popolari Italiane Spa

Chief Executive Officer and General Manager
Age: 58
Managing Director of Si Holding, Managing Director of Cartasi and Managing Director of Si Servizi
Deputy Vice General Manager
Compensation as of Fiscal Year 2015.

Istituto Centrale delle Banche Popolari Italiane Spa Key Developments

Advent, Bain, And Clessidra in Negotiations To Acquire ICBPI

Istituto Centrale delle Banche Popolari Italiane Spa (ICBPI) may be sold. Owners of ICBPI are in talks with a consortium comprising Advent International Corporation, Bain Capital Private Equity, and Clessidra SGR S.p.A. to start exclusive negotiations for the acquisition of ICBPI. The three, which has been selected among other bidders, had advanced an offer worth around €2 billion. It is expected to sign the purchase agreement until June 19, 2015 and to close the deal by the end of 2015, Milano Finanza reported. The major shareholding banks in ICBPI are Credito Valtellinese Societa Cooperativa (BIT:CVAL) with a stake of 20.4%, Banco Popolare Societa Cooperativa Scarl (BIT:BP) with 14.6% and Banca popolare dell'Emilia Romagna, Società cooperativa. (BIT:BPE) with 10.6% stake in ICBPI.

Investors Mulls Acquisition Of ICBPI

The owners of Istituto Centrale delle Banche Popolari Italiane Spa said on May 27, 2015, they had chosen a private equity consortium of Bain Capital, LLC, Advent International Corporation and Clessidra to enter exclusive talks to buy the Istituto Centrale delle Banche Popolari Italiane Spa.

CVC And Permira Are Preferred Bidders For Istituto Centrale

CVC Capital Partners Limited and Permira Advisers Ltd. are selected as preferred bidders for Istituto Centrale delle Banche Popolari Italiane Spa, Reuters reported on May 22, 2015, citing several sources close to the matter.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 19, 2015
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