Bain Capital and Advent International are understood to be part of a consortium bidding to acquire Italian specialist bank Istituto Centrale delle Banche Popolari Italiane (ICBPI).
Danish VC Heartcore Capital, UVC Partners and existing investor Picus Capital also take part
Deal is an extension of the $4.1m series-A funding round led by Blossom Capital in October 2019
Fresh capital will help the provider of cloud access services expand in western Europe
DBay has also negotiated a new revolving credit facility for the transport and logistics company