A private equity consortium consisting of Clessidra, Advent International and Bain is expected to sign a deal to acquire Italian banking services provider Istituto Centrale delle Banche Popolari Italiane (ICBPI) today.
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