Investcorp has signed an agreement to acquire Epipoli, a leading alternative payments provider in Italy, from Bregal Milestone, aiming to enhance its growth and expand its services both domestically and internationally.

Information on the Target

Epipoli, founded by CEO Gaetano Giannetto in 2000, is a Milan-based leader in alternative payments and a pioneer in customer engagement services. The company operates Italy's largest CRM and loyalty program, boasting over 6 million consumers. Established as a significant player in the gift card market in 2006, Epipoli further enhanced its portfolio by launching Italy's first prepaid Mastercard in 2012. With a turnover of approximately 400 million euros, the company collaborates with millions of customers, countless distributors, and numerous retailers, showcasing its robust expertise in the retail sector.

At the forefront of the payments and customer engagement landscape, Epipoli has expanded its services and product offerings rapidly. The recent acquisition by Investcorp aims to bolster the company's growth strategy, enhancing its capacity to better serve customers both domestically in Italy and in international markets.

Industry Overview in Italy

The alternative payments industry in Italy has witnessed significant growth in recent years, driven by extensive technological advancements and changing consumer preferences. As consumers in