Bancomat Moves to Acquire Fintech Innovator Flowpay
Deal News | Feb 27, 2025 | Legal Community Italy
Bancomat, a leading Italian payment services company, has signed a binding agreement to acquire a controlling stake in Flowpay, a fintech firm specializing in open banking and digital payment solutions. The acquisition is set to close by mid-2025, pending regulatory approvals. The deal was facilitated by legal teams from PedersoliGattai, Tanganelli, and Biscozzi Nobili & Partners, with Piero Albertario of PedersoliGattai leading a multidisciplinary team. This strategic move signals Bancomat's intention to strengthen its position in the digital payments space, leveraging Flowpay’s technological expertise to enhance its offerings.
Sectors
- Financial Services
- Fintech
- Legal Services
Geography
- Italy – Bancomat and Flowpay are both based in Italy, and the legal advisory services were also provided by Italian firms.
Industry
- Financial Services – This industry covers Bancomat's operations as a payment services provider and Flowpay's focus on open banking and digital payment solutions.
- Fintech – Flowpay operates within the fintech sector, offering innovative digital payment and open banking solutions.
- Legal Services – The firms PedersoliGattai, Tanganelli, and Biscozzi Nobili & Partners provided legal assistance for the acquisition process.
Financials
- – The article does not mention specific financial figures related to the acquisition deal.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Bancomat | Bidding Company | Company | An Italian company specializing in payment services. |
| Flowpay | Target Company | Company | A fintech firm specialized in open banking and digital payment solutions. |
| PedersoliGattai | Legal Advisor | Company | Provided legal support for the acquisition with a team led by Piero Albertario. |
| Tanganelli | Legal Advisor | Company | Provided legal services in the acquisition process. |
| Biscozzi Nobili & Partners | Legal Advisor | Company | Assisted in legal matters related to the acquisition. |
| Piero Albertario | Legal Advisor - Partner | Person | Partner at PedersoliGattai, leading the team on this deal. |