TPG Makes €1 Billion Bid for Nexi's Banking Arm, Forcing High-Stakes Decision

TPG has made a binding €1 billion bid for Nexi's digital banking solutions unit, forcing Nexi to decide by mid-December. The bid is TPG's second attempt to acquire the unit, after an earlier proposal cooled amid shareholder hesitation and government sensitivities. Nexi has built itself through acquisitions but has seen its market value fall 75% in four years due to rising cost pressures and shrinking margins. A deal with TPG could help Nexi focus and redirect resources toward higher-growth payment processing operations.