Subsidiary of Wordline SA, international provider of payment services
Acquired 100% of Business Operations
'Merchant acquring business of Banco di Desio e della Brianza S.p.A.
'Banco Desio Group's merchant acquiring business, with over 15,000 merchants
Advised on Sale of Company
Advised on sale of Banco Desio's merchant acquiring business to Worldline
Vitale assisted Banco Desio in the sale of its merchant acquiring business for a total consideration of €100m and the set-up of a long-term commercial partnership for the distribution of Worldline’s payment products and services through Banco Desio’s network
November 7, 2022 – Banco di Desio e della Brianza S.p.A. ("Banco Desio") signed a strategic agreement with Worldline Merchant Services Italia S.p.A. ("Worldline Italia") - a subsidiary of the French group Worldline SA ("Worldline"), a leading international provider of payment services - for the sale of its merchant acquiring business.
The agreement envisages the transfer to Worldline Italia of Banco Desio's merchant acquiring business, which counts over 15,000 merchants for a total of approximately 19,000 POS (point of sales) for transaction volume of about Euro 2 billion.
As part of the Transaction, Banco Desio and Worldline Italia signed a commercial agreement of 5+5 years for the distribution through Banco Desio's network of Worldline’s payment products and services to the merchants. This transaction will give Banco Desio the opportunity to benefit from the economic growth of the business for the duration of the agreement.
The Transaction is in line with Banco Desio's strategic plan for the development of its merchant acquiring business, which led to the selection of Worldline Italia as the best partner for the offer to its merchant customers of transactional and digital services, from in-store payments to e-commerce and mobile payments.
The transaction values the quality of Banco Desio's network and leads to a further capital strengthening of the banking group, making new resources available for further growth of the bank.