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).
Deal ends a five-year stint under Foresight ownership, which first invested in 2013
Trevi appointed a chief restructuring officer in 2017 to negotiate a debt restructuring plan
AI business will look to expand beyond marketing and into robotics, healthcare and education
Company's founders and CEO Klaus Schmidt have retained a significant minority stake