Bain Capital, Advent International and Celssidra are understood to be considering issuing bonds to the value of up-to 1bn to fund an acquisition of Instituto Centrale della Banche Popolari Italiane (ICBPI). Head of Clessidra Claudio Sposito said last week that he expects to sign the deal to buy ICBPI on June 19, and that an IPO within three to four years is an option. The Italian government has been looking at a number of options for funding its budget deficit in recent months, including selling off state assets such as airports or railways.
Bain Capital, Advent International and Celssidra are understood to be considering issuing bonds to the value of up-to 1bn to fund an acquisition of Instituto Centrale della Banche Popolari Italiane (ICBPI). The Italian government has been looking at a number of options for funding its budget deficit in recent months, including selling off state assets such as airports or railways.