Analysis: Bruised by a valuation freefall, payments companies brace for M&A

SummaryCompaniesItaly’s Nexi draws takeover interest -sourcesBilltrust owner, Paya review strategic options -sourcesValuation gap is narrowing amid market turmoilLONDON/NEW YORK, Aug 12 (Reuters) – Battered by a near 50% plunge in its shares over the last 12 months, Nexi (NEXII.MI), Europe’s biggest payments processor, has not gone unnoticed.Earlier this year, the Italian company received several unsolicited approaches from private equity firms including Silver Lake wishing to take the business private, two sources familiar with the matter told Reuters.Discussions between the U.S. buyout firm and Nexi Chief Executive Paolo Bertoluzzo faltered before the end of March due to differences on …
Read more…….