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).
Catch up on essential news and features from this past week with our round-up of industry analysis
With the fresh capital, IM Square plans to acquire three to six additional asset managers
Historical investors, including the Region Paris Venture fund and Sibessor2/Investessor, also take part
Early-stage investors High-Tech Gründerfonds and Bayern Kapital are also taking part