• Home
  •  
    Regions
    • Europe
    • UK & Ireland
    • DACH
    • Nordic
    • France
    • Southern Europe
    • Benelux
    • CEE
    • Asia
  •  
    Deals
    • Buyouts
    • Venture
    • Exits
    • Refinancings
    • Build-up
    • Turnaround
    • Secondaries
    • Advanced deals search
  •  
    Funds
    • Buyout
    • Venture
    • Mezzanine
    • Debt
    • Funds-of-funds
    • Secondaries
    • Fundraising pipelines
    • Advanced funds search
  •  
    GPs & LPs
    • GP profiles
    • LP profiles
    • GP news
    • LP news
    • Sponsors search
    • LPs search
  •  
    Secondaries
    • Deals
    • Funds
    • News
    • Analysis
  •  
    People
    • People moves
    • Analysis
    • In Profile
    • Q&A
    • Videos
    • Comment
  •  
    Analysis
    • In Profile
    • Fundraising
    • Q&A
    • Comment
    • Videos
    • Podcast
    • Reports
    • Data Snapshots
  •  
    Unquote Data
    • Deals search
    • Exits search
    • Funds search
    • Sponsors search
    • Advisers search
    • LPs search
    • League tables
    • Reports
  • Sign in
  • Sign in
    • You are currently accessing unquote.com via your Enterprise account.

      If you already have an account please use the link below to sign in.

      If you have any problems with your access or would like to request an individual access account please contact our customer service team.

      Phone: +44 (0)203 741 1137

      Email: Georgina.Lawson@acuris.com

      • Sign in
     
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
  • Follow us
    • Twitter
    • LinkedIn
  • Free Trial
  • Subscribe
Unquote
Unquote
  • Home
  • Regions
  • Deals
  • Funds
  • GPs & LPs
  • Secondaries
  • People
  • Analysis
  • Unquote Data
  • You are currently accessing unquote.com via your Enterprise account.

    If you already have an account please use the link below to sign in.

    If you have any problems with your access or would like to request an individual access account please contact our customer service team.

    Phone: +44 (0)203 741 1137

    Email: Georgina.Lawson@acuris.com

    • Sign in
 
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
Unquote
  • Portfolio management

Carlyle's Comdata carves out PayCare from PE-backed Nexi

  • Alessia Argentieri
  • Alessia Argentieri
  • 01 March 2019
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  

Carlyle-backed business process outsourcing provider Comdata has wholly acquired Italy-based contact centre specialist PayCare from PE-backed Nexi, a provider of payment services.

This deal follows the sale of Oasi, purchased by FSI's fintech business Cedacri from Nexi for €151m in January.

Nexi is owned by private equity firms Bain Capital, Advent International and Clessidra. The company was established in 2017 by combining several businesses, including Istituto Centrale delle Banche Popolari Italiane, which the three private equity firms acquired in June 2015 in a deal valued at €2.15bn. The three owners of Nexi are considering a potential IPO this year and have selected Evercore to advise on the process.

PayCare

  • DEAL:

    Portfolio management

  • LOCATION:

    Florence

  • SECTOR:

    Business support services

  • STAFF:

    200

Carlyle Group acquired a majority stake in Comdata via its €3.75bn Carlyle Europe Partners IV fund for around €300m in December 2015. A club of seven banks including Banca Intesa, BNP Paribas, BPM, Crédit Agricole, Natixis, Societe Generale and Unicredit provided a debt package of €210m to support the deal.

The acquisition of PayCare follows Comdata's acquisition of Paris-based CCA International, Digitex, Wind 3, Overtop and B2S, which was rebranded as Comdata France.

Comdata has 42,000 employees in Europe and Latin America, more than 550 customers in various industries including telecoms, energy, banking, finance, insurance and retail, and generates annual revenues of around €800m.

Company
Headquartered in Florence, PayCare provides contact centre services for financial institutions and has a strong presence in central Italy. The company is part of the Nexi group, which specialises in business process outsourcing for banks. Paycare employs 200 staff.

People
Comdata – Massimo Canturi (CEO).

Advisers
Acquirer
– Latham & Watkins (legal).
Vendor – Gianni Origoni Grippo Cappelli & Partners (legal).

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  
  • Topics
  • Portfolio management
  • Southern Europe
  • Support services
  • Carlyle Group
  • Bain Capital
  • Advent International
  • Clessidra Capital Partners
  • Italy
  • Buy-and-build
  • Build-up
  • Latham & Watkins

More on Portfolio management

An office building with a cloudy sky in the background
PlusServer owner BC Partners seeks sale via Jefferies as loan maturity looms

GP acquired the German cloud solutions group in 2017 via BC European Capital X

  • Exits
  • 15 August 2023
Runners passing the baton
Volpi raises EUR 250m continuation vehicle for 2016-vintage assets

Volpi Capital Investments Conti will hold Dutch geospatial data company Cyclomedia and UK-based surveillance group Digital Barriers

  • Secondaries
  • 28 June 2023
Bolt-ons and buy-and-build platforms
The Bolt-Ons Digest – 17 April 2023

Unquote’s selection of the latest add-ons with Triton's BFC Group, Seven2's Groupe Crystal, Palatine's FourNet and more

  • Expansion
  • 17 April 2023
Boardroom discussions and office openings
MJ Hudson business divisions acquired by Apex Group

Sale follows suspension of listed UK-headquartered asset management service provider’s shares in December 2022

  • Advisory
  • 11 April 2023

Latest News

Fund closes in US dollars
  • Funds
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote

  • 05 September 2023
Clinical trials and biotechnology
  • Buyouts
Permira to take Ergomed private for GBP 703m

Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO

  • 04 September 2023
Public sector software
  • Exits
Partners Group to release IMs for Civica sale in mid-September

Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017

  • 04 September 2023
EMEA Public to Private M&A
  • Investments
Change of mind: Sponsors take to de-listing their own assets

EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater

  • 04 September 2023
Back to Top
  • About Unquote
  • Advertise
  • Contacts
  • About Acuris
  • Terms of Use
  • Privacy Policy
  • Group Disclaimer
  • Twitter
  • LinkedIn

© Merger Market

© Mergermarket Limited, 10 Queen Street Place, London EC4R 1BE - Company registration number 03879547

Digital publisher of the year 2010 & 2013

Digital publisher of the year 2010 & 2013