Enel & Intesa Sanpaolo / Mooney 2021
Enel SpA and Intesa Sanpaolo SpA acquired Mooney for $1.6B on December 23, 2021.
- Target
- Mooney
- Acquirer
- Enel SpA and Intesa Sanpaolo SpA
- Deal value
- $1.6B
- Announced
- December 23, 2021
- Sub-sector
- Payments
Transaction overview
- Enel SpA and Intesa Sanpaolo SpA announced the acquisition of Mooney on December 23, 2021 for $1.6B.
Strategic rationale
Enel and Intesa acquire majority stake in payments platform to build European fintech group and expand digital banking and open banking services including wealth management and insurance.
Deal terms & multiples
Sources
- wdsm710.com /2021/12/23/enel-teams-up-with-intesa-sanpaolo-for-italy-payments-firm-mooney/