TPG Targets Nexi Digital Banking Division in 1 Billion Euro Deal

Private equity firm TPG is targeting Nexi's digital banking division in a deal worth approximately one billion euros. The potential acquisition would see TPG carve out the digital banking business from Nexi, one of Europe's largest payments companies.

Nexi has been reviewing its portfolio of businesses as it seeks to focus on its core payments processing operations. The digital banking division has been identified as a non-core asset that could attract premium valuations from private equity buyers.

TPG's interest in the digital banking unit reflects the ongoing appetite from private equity firms for financial technology assets, particularly those with established customer bases and recurring revenue streams. The deal would be one of the largest fintech-related private equity transactions in Europe this year.