Joint press release ICBPI and Bassilichi S.p.A.

ICBPI signs agreement to acquire Bassilichi S.p.A. continuing its strategy to invest in the monetics sector

MILAN, 13 December 2016 – Istituto Centrale delle Banche Popolari Italiane S.p.A. (“ICBPI”), leader in the Italian financial services, monetics and payments sector has signed an agreement to acquire up to 100% of Bassilichi S.p.A. (“Bassilichi”), a specialist provider of payments and business services, for an Enterprise Value of 230M Euro.

The transaction will allow ICBPI to further grow its expertise and client base in the Italian market, in particular the banking sector, as well as its value added payment products and services offering, in a rapidly growing market. Bassilichi will retain its corporate identity while operating within the ICBPI group making best use of the capabilities that differentiate it, while at the same time offering sector best practices to the broader group.

Bassilichi S.p.A., controlling company of the Bassilichi group, is also the majority shareholder of Consorzio Triveneto, the leading national provider of POS management, e-commerce and corporate banking services for businesses; and of Moneynet, which offers POS and e-commerce solutions to SMEs. Fruendo, which offers back office services for the banking sector, is not part of the transaction, nor is Abs Technology.

Bassilichi, with its two principal locations in Florence and Siena is focussed primarily on the banking, enterprise and public sector markets. The selling shareholders are the Bassilichi family (a 24,3% stake), Arno I (19%), Sici (16,29%), BMPS (11,74%) Fises (11%), and BPER (9,91%). Mediobanca, PwC and Bain & Company advised on the transaction; legal advisors are Bonelli Erede for ICBPI, Studio legale Calosi, for financial and industrial shareholders and Lombardi Molinari Segni for MPS Bank. The transaction is subject to regulatory approval and is expected to close by First Half 2017.

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