Backed by private equity houses Advent International, Bain Capital Europe and Clessidra, Istituto Centrale delle Banche Popolari Italiane (ICBPI) has acquired the merchant payments business of Italian lender Monte dei Paschi di Siena (MPS).
Deal marks a partial sale for the US-based private equity house after a three-year holding period
Postgraduate student loans company also secured a $200m debt facility as part of the deal
Fundraising figures from unquote" data point towards a record year for UK-based managers, following the post-crisis peak reached in 2016
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