March 04, 2015 12:15 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
General Manager
Age: 57
Managing Director of Si Holding, Managing Director of Cartasi and Managing Director of Si Servizi
Deputy Vice General Manager
Deputy General Manager
Compensation as of Fiscal Year 2014.

Istituto Centrale delle Banche Popolari Italiane Spa Key Developments

Seven Potential Buyers for ICBPI

Apax Partners LLP, BC Partners, Cinven and Hellman & Friedman LLC filed non-binding indications of interest recently, newspaper added. First offer was reported by Permira Advisers LLC for €2.2 billion for ICBPI, Il Sole reported in January 2015. Then came the offer of the alliance of Advent International Corporation and Bain Capital, LLC reportedly worth around €1.9 billion. Earlier in February 2015, CVC Capital Partners Limited also submitted an indication of interest, Il Sole added. The indications of interest filed so far value 100% of ICBPI at between €1.9 billion and €2.4 billion, according to the daily. Banca Popolare di Milano Scarl (BIT:PMI), Banca Popolare di Bari, Società cooperativa per Azioni, Banca Popolare dell'Etruria e del Lazio - Società Cooperativa (BIT:PEL), Banca Popolare Di Vicenza S.C.p.A., Banca Carige S.p.A. (BIT:CRG), Credito Valtellinese Societa Cooperativa (BIT:CVAL), Gruppo Banca Popolare di Cividale S.c.p.A., Istituto Centrale delle Banche Popolari Italiane Spa, Iccrea Holding S.p.A., Banca Sella S.p.A., UBI Banca International S.A., Veneto Banca s.c.p.a, Bca Popolare Emilia Romagna are ICBPI's shareholders. It is possible the banks may take a final decision by May 2015 so as to come to a possible closing of the deal in the second half of 2015, the daily said. The final decision is expected to depend not only on the price but also on the buyer's strategic plan and the guarantees associated with it, Il Sole argues. Most of the ICBPI shareholders agree the banks should sell the institute, according to the daily.

CVC Joins Advent And Permira In Race To Acquire Istituto Centrale delle Banche Popolari Italiane

As reported by Il Sole 24 Ore CVC Capital Partners Limited offered to acquire Istituto Centrale delle Banche Popolari Italiane Spa (ICBPI) along with Advent International Corporation and Permira Advisers LLC. All three proposals are non-binding indications of interest. ICBPI might invite few more funds to acquire it. The deal would be subject to approval by the European Central Bank and Banca d’Italia. Istituto Centrale delle Banche Popolari Italiane is valued at up to €2.4 billion.

Permira Mulls Acquisition Of Istituto Centrale delle Banche Popolari Italiane

Permira Advisers LLC is seeking acquisition of Istituto Centrale delle Banche Popolari Italiane Spa. Two sources close to the matter said that Permira has offered 2.2 billion euros to buy Istituto Centrale delle Banche Popolari Italiane. Credito Valtellinese Societa Cooperativa (BIT:CVAL) holds 20.4% stake, Banca Popolare di Milano Scarl (BIT:PMI) holds 16% stake, Banca Popolare Di Vicenza S.C.p.A. and Veneto Banca s.c.p.a both hold around 10% stake and Bca Popolare Emilia Romagna holds 8.7% stake.

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