Italian banking services provider Istituto Centrale delle Banche Popolari Italiane (ICBPI), backed by Advent International, Bain Capital Europe and Clessidra, has acquired DB Cards Acquiring, the Italian merchants acquiring branch of Deutsche Bank.
CM-CIC started backing the Le Normandy group in 2000, structuring a €9.3m financing round
Investment will come from Bregal's Jersey-based €550m DACH fund, Bregal Unternehmerkapital LP
Private medical insurance broker was the first investment from the GP's £150m second fund
Following resignation of its chair and CEO, the GP is now looking for an international backer