Panini

Fineurop Soditic acted as exclusive M&A and Debt Advisor to Matica Fintec S.p.A. in the acquisition of the entire share capital of Panini S.p.A., and indirectly of Panini North America Inc., from Seta Holding S.A., a Luxembourg platform exclusively advised by J. Hirsch S.r.l. for Italy.

Founded in Turin in 1945, Panini is a leading player in hardware and software systems for cheques and paper payment documents processing solutions, as well as in tools and solutions for bank and postal branch automation and secure identity solutions through biometric authentication.

Panini, with a consolidated presence in the U.S. market, achieved total revenues of approximately Euro 42 million with an EBITDA of Euro 6.7 million.

The deal represents a significant technological synergy for Matica Fintec, payment and identity systems player listed on the EGM, allowing the Company to expand its geographic coverage and strengthen its presence in the hardware and software solutions sector for the banking market.

The deal was supported by Banco BPM, Credit Agricole and Intesa Sanpaolo.