Iccrea Banca Forms Strategic Partnership with Accenture
Deal News | Apr 11, 2025 | Hogan Lovells
Iccrea Banca has entered into a strategic partnership with Accenture, supported by legal advisory firm Hogan Lovells. This partnership is part of a technological renewal effort that entails a substantial investment of over 300 million euros aimed at IT transformation of the BCC Iccrea Group over the next three years. Accenture will aid in improving IT service levels for Group companies and has also acquired a stake in BCC Sistemi Informatici, as well as a business unit managed by the same. The deal included establishing multi-year service agreements and part of the investment involves Accenture acquiring equity in BCC Sistemi Informatici, illustrating its commitment. Hogan Lovells provided comprehensive legal support throughout the phases of the transaction with the help of experienced professionals including Patrizio Messina, Annalisa Dentoni-Litta, Paola Barometro, Andrea Cicia, Federico Urbani, and others, ensuring seamless handling of contractual, regulatory, and M&A elements of the deal.
Sectors
- Financial Services
- IT and Consulting
- Legal Advisory
Geography
- Italy – Iccrea Banca and BCC Sistemi Informatici are Italian entities, and the transaction is primarily taking place within Italy.
- Global – Accenture is a global IT consulting firm, suggesting the partnership has an international dimension to it.
Industry
- Financial Services – Iccrea Banca operates in the financial sector, providing banking solutions and services to its clients.
- IT and Consulting – Accenture is a global leader in IT consulting services, and the partnership aims to enhance technological capabilities for Iccrea Banca.
- Legal Advisory – Hogan Lovells provided legal and advisory services during the formation of the strategic partnership, emphasizing the role of legal expertise in M&A transactions.
Financials
- 300 million euros – The investment program to support IT transformation of the BCC Iccrea Group in partnership with Accenture.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Iccrea Banca | Target Company | Company | An Italian bank forming a strategic partnership with Accenture for IT transformation. |
| Accenture | Buyer | Company | A global IT and consulting firm acquiring a stake in BCC Sistemi Informatici, part of the strategic partnership. |
| BCC Sistemi Informatici | Vendor | Company | An IT subsidiary of Iccrea Banca involved in the investment and partnership with Accenture. |
| Hogan Lovells | Legal Advisor | Company | A law firm advising Iccrea Banca on the strategic partnership and handling legal aspects of the deal. |
| Patrizio Messina | Managing Partner | Person | Led the Hogan Lovells team advising Iccrea Banca. |
| Annalisa Dentoni-Litta | Partner | Person | Involved in the advisory team from Hogan Lovells. |
| Paola Barometro | Partner | Person | Part of the Hogan Lovells advisory team. |
| Andrea Cicia | Counsel | Person | Handled contractual and regulatory aspects of the deal. |
| Leonardo Bafunno | Senior Associate | Person | Assisted in managing the regulatory and contractual aspects. |
| Federico Urbani | Senior Associate | Person | Managed corporate M&A and contractual profiles. |
| Edoardo Pea | Associate | Person | Assisted in corporate M&A and contractual profiles. |