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.
GP acquires a 90% stake in the French bank loans portfolio management company
GP intends to growth the firms' expertise and technology domestically and globally
Online estate agent will target expansion in London before looking to grow across the UK
Fund has already invested €11m in 16 Italian startups and currently has €33m in AUM