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Freshfields and ODI Law Advise on Merger of Denmark's Nets and Italy's Nexi

Freshfields and ODI Law Advise on Merger of Denmark's Nets and Italy's Nexi

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Freshfields Bruckhaus Deringer has advised the Copenhagen-based payment services provider Nets and its majority owner, Hellman & Friedman, on the EUR 7.8 billion all-share merger of Nets into Italy’s paytech group Nexi. ODI Law acted as local advisor to Nexi in Slovenia and Croatia.

According to Freshfields, the merger is subject to regulatory and antitrust approvals and is expected to close in the second quarter of 2021.  

Nets is a pan-European paytech company owned by a consortium of private equity firms consisting of Hellman & Friedman, Advent International, Bain Capital, and GIC.

Nexi is an Italian provider of paytech solutions. The company is listed on the MTA of the Borsa Italiana stock exchange. 

Freshfields' team consisted of, in London, Partners Keir MacLennan, Tim Wilmot, Jill Gatehouse, and Cyrus Pocha; in Milan, Partners Luigi Verga and Nicola Asti; in Dusseldorf, Partner Uta Itzen; and in Berlin, Partner Frank Rohling.  

ODI Law’s team included Partners Branko Ilic, Tine Misic, and Suzana Boncina Jamsek and Senior Associates Primoz Mikolic and Hrvoje Smicibrada.

Editor's note: After this article was published, CEE Legal Matters learned that Linklaters’ multi-office team had also advised Nexi on the deal. The firm's team included, in Milan, Partners Pietro Belloni and Ugo Orsini, Managing Associates Maria Sofia Ricci, Anna Ferraresso, and Francesco Eugenio Pasello, and Associates Chiara Venditti, Francesca Cirillo, and Mafalda Monticelli; in London, Partner Hugo Stolkin and Associate Stephanie Floras; and in Hong Kong, Managing Associate Daniel Bergman.