Four PE bidders in €2bn race for ICBPI

According to Reuters, US firm Hellman & Friedman and three other consortiums have made binding offers, with the potential deal worth more than €2bn.

The first consortium consists of Bain, Advent Venture Partners and Clessidra; the second of CVC Capital Parners and Permira; and the third of BC Partners and Cinven.

Lone Star Funds and Apax Partners have reportedly withdrawn from the bidding process.

In February, a source close to the situation told unquote" that reports of a bid worth nearly €2bn by Advent and Bain were broadly reliable.

ICBPI provides banking services including e-commerce and pensions, as well as providing credit cards under the CartaSi brand.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• Southern Europe
• Financials
• Italy
• Apax Partners
• Lone Star Funds
• Bain Capital
• Advent International
• Clessidra Capital Partners
• CVC Capital Partners
• Permira
• BC Partners
• Cinven
• Hellman & Friedman LLC