Epipoli: Driving Alternative Payments with New Ownership
Deal News | Jan 16, 2025 | Investcorp
Investcorp, a global alternative investment firm, has announced its acquisition of Epipoli, an Italian firm specializing in alternative payments, from Bregal Milestone and Epipoli's founder Gaetano Giannetto. Though the financial details were not disclosed, the acquisition positions Investcorp as a significant player in Italy's alternative payments market. Epipoli, under Giannetto's leadership, has become a dominant force in Italy with its vast CRM and loyalty programs, gift cards, and prepaid Mastercard services. The deal is expected to enhance Epipoli's growth and international reach with Investcorp leveraging its technology expertise. UBS acted as the exclusive financial advisor for Epipoli and Bregal Milestone, while Clearwater advised Investcorp. Legal counsel was provided by PedersoliGattai, Alma LED, and ADVANT Nctm. The acquisition is subject to customary closing conditions.
Sectors
- Financial Services
- Private Equity
- Technology
Geography
- Italy – Epipoli is an Italian company with a significant market presence in Italy where the acquisition and expansion activities are primarily focused.
- Europe – Investcorp intends to expand Epipoli's reach across Europe, pointing to a pan-European strategic focus.
Industry
- Financial Services – The article centers around financial transactions within the payments sector, specifically in alternative payments solutions.
- Private Equity – Investcorp is a private equity firm acquiring Epipoli, an indication of active investment management and private equity activities.
- Technology – Epipoli operates at the intersection of payments and technology with CRM and payment platforms.
Financials
- Not Disclosed – The terms of the acquisition deal between Investcorp and Epipoli were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Investcorp | Acquirer | Company | A leading global alternative investment firm based in Bahrain, involved in acquiring Epipoli. |
| Epipoli | Target Company | Company | An Italian alternative payments enabler operating in the CRM, loyalty, and gift card market. |
| Bregal Milestone | Seller | Company | An investment firm that previously held a stake in Epipoli and supported its growth trajectory. |
| Gaetano Giannetto | Founder & CEO | People | Founder and CEO of Epipoli remaining as a significant minority shareholder post-acquisition. |
| Clearwater | Financial Advisor | Company | Advised Investcorp on the acquisition transaction. |
| UBS | Financial Advisor | Company | Served as exclusive financial advisor to Epipoli and Bregal Milestone. |
| ADVANT Nctm | Legal Advisor | Company | Provided legal advice to Investcorp for the acquisition. |
| PedersoliGattai and Alma LED | Legal Advisors | Company | Provided legal counsel to Epipoli and Bregal Milestone. |