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European Payments Giant Nexi Soars as CVC Said to Weigh Bid

Several buyout firms have been evaluating Italian company
Private equity regaining confidence to pursue big deals

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By Sonia Sirletti, Jan-Henrik Foerster, Daniele Lepido, and Swetha Gopinath

October 17, 2023 at 5:16 PM UTC

Updated on

October 18, 2023 at 10:22 AM UTC

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Nexi SpA jumped as much as 19% after people with knowledge of the matter said CVC Capital Partners is in the early stages of considering a potential bid for European payments firm.

The buyout group has been evaluating Nexi for some time, the people said, asking not to be identified because the information is private. Shares in Nexi hit an intraday record in early trading on Wednesday. The stock was up 10% at 12:17 p.m. in Milan, giving the company a market value of €8.3 billion ($8.8 billion).