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.
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