Nexi: Cedes Software Business in Strategic Deal with Sesa's Base Digitale Group
Deal News | Jan 08, 2025 | Legal Community Italy
Nexi Payments has entered into a binding agreement to sell its software division, focused on capital market solutions, to Base Digitale Group, a subsidiary of Sesa. The transaction is designed to strengthen the industrial partnership between Nexi and Sesa. The targeted business unit provides a real-time trading surveillance system to detect market abuses and manipulative practices, which is crucial for financial intermediaries, market management companies, and regulatory bodies. A&O Shearman served as the legal advisor to Nexi with a team led by Partner Emanuele Trucco, and Taxwise handled the fiscal components of the deal. Sesa's in-house legal team, represented by Virginia Barni, oversaw their side of the transaction.
Sectors
- Financial Technology
- Digital Technology
- Legal Services
Geography
- Italy – Both Nexi Payments and Sesa, the companies involved in the transaction, are based in Italy.
Industry
- Financial Technology – The article involves Nexi Payments, a player in the financial technology sector, selling a division specialized in capital market software solutions.
- Digital Technology – Sesa and its subsidiary, Base Digitale Group, operate within the digital technology and system integration sectors, playing a pivotal role in acquiring the software business.
- Legal Services – A&O Shearman and Taxwise are legal advisory firms involved in the transaction, providing legal and fiscal advice.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Nexi Payments | Target Company | Company | An Italian company providing financial technology services, selling its software division. |
| Base Digitale Group | Buyer | Company | A subsidiary of Sesa, operating in digital technology, acquiring Nexi's software division. |
| Sesa | Parent Company of Buyer | Company | An Italian operator in digital technology and system integration sectors, overseeing Base Digitale Group. |
| A&O Shearman | Legal Advisor | Company | Provided legal advisory services to Nexi for the transaction. |
| Taxwise | Fiscal Advisor | Company | Handled the fiscal aspects of the transaction for Nexi. |
| Emanuele Trucco | Partner at A&O Shearman | Person | Led the legal advisory team for Nexi. |
| Eliana Cioffi | Associate at A&O Shearman | Person | Part of the legal advisory team for Nexi. |
| Chiara Basile Baldassarre | Trainee at A&O Shearman | Person | Part of the legal advisory team for Nexi. |
| Guglielmo Fransoni | Partner at Taxwise | Person | Handled fiscal aspects for Nexi. |
| Monica Coppo | Legal In-house at Nexi | Person | Involved in legal processes for Nexi. |
| Rachele Cera | Legal In-house at Nexi | Person | Involved in legal processes for Nexi. |
| Virginia Barni | In-house Legal at Sesa | Person | Managed transaction for Sesa. |