Nexi Rejects TPG’s Bid for Digital Banking Division in Italy

Italian fintech company Nexi has announced it will not accept an offer from the U.S. private equity firm TPG to acquire its digital banking unit. The decision, communicated on December 18, 2023, comes after the company’s board conducted a thorough analysis and consideration of the proposed transaction.

In a public statement, Nexi indicated that the board resolved against proceeding with the deal but did not provide further details regarding the reasons behind this decision. The move follows indications from Nexi’s second-largest shareholder, Cassa Depositi e Prestiti, which had expressed opposition to the sale of a majority stake in the digital banking unit to TPG. According to sources familiar with the situation, this opposition played a significant role in shaping the board’s final decision.

Details on Nexi’s Digital Banking Unit

Nexi’s digital banking division specializes in providing technology solutions that support open banking, corporate banking services, and interbank clearing systems. In 2025, this unit generated core earnings of 155 million euros for the company, highlighting its importance within Nexi’s overall business strategy.

The rejection of TPG’s offer reflects the complexities involved in fintech transactions, particularly when significant shareholders have differing views on potential deals.

Nexi’s decision not to pursue the acquisition aligns with broader trends in the fintech sector, where companies are often cautious about divesting key assets that contribute to their growth and competitive edge. As the fintech landscape continues to evolve, Nexi remains focused on enhancing its service offerings and maintaining its position in the market.

The implications of this decision extend beyond Nexi itself, as it may influence future negotiations and partnerships within the fintech industry, particularly in Italy. With digital banking gaining traction globally, companies are likely to keep a close eye on Nexi’s next steps and overall performance in the coming months.