Enel & Intesa Sanpaolo / Mooney 2021
Enel and Intesa Sanpaolo acquired Mooney for $1.6B on December 23, 2021.
- Target
- Mooney
- Acquirer
- Enel and Intesa Sanpaolo
- Deal value
- $1.6B
- Announced
- December 23, 2021
- Sub-sector
- Payments
Transaction overview
- Enel and Intesa Sanpaolo announced the acquisition of Mooney on December 23, 2021 for $1.6B.
- The deal is expected to close pending customary conditions.
Strategic rationale
Enel and Intesa Sanpaolo jointly acquire majority control of payments platform to scale fintech capabilities, digital banking, and open banking services including wealth management and insurance across Italy.
Deal terms & multiples
Frequently asked questions
How much did Enel and Intesa Sanpaolo pay for Mooney?
Enel and Intesa Sanpaolo acquired Mooney for $1.6B, announced on December 23, 2021.
When did Enel and Intesa Sanpaolo announce the acquisition of Mooney?
Enel and Intesa Sanpaolo announced the acquisition of Mooney on December 23, 2021.
What sub-sector is Mooney in?
Mooney is tracked in the Payments sub-sector.
Sources
- 933thedrive.com /2021/12/23/enel-teams-up-with-intesa-sanpaolo-for-italy-payments-firm-mooney/