Analysis of a merger: the Nexi-SIA case: the birth of the European leader in the payments sector

Pastore, Ludovica (A.A. 2021/2022) Analysis of a merger: the Nexi-SIA case: the birth of the European leader in the payments sector. Tesi di Laurea in Financial reporting and performance measurement, Luiss Guido Carli, relatore Francesco Paolone, pp. 130. [Master's Degree Thesis]

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Literature review. The structural and regulatory evolution of the payments industry. The wave of consolidation driven by intense M&A activity. The drivers of a successful M&A. Quantitative analysis of post-merger value creation. Evidence that the value created by the synergies translates into higher returns. Overview of the payments sector in Europe and evolution over the. The main dynamics of the sector in Europe. The main actors involved in the payment value chain. The evolution of the competitive environment from 2013 to today: the main M&A operations. Incumbents and new entrants in the payments industry today. Nexi and SIA: identity and positioning of the two separate entities in the payments market. A brief introduction to the “new” Nexi Group. Deep dive on Nexi: history and company profile. Introduction to SIA: history and company profile. The positioning of Nexi and SIA before the merger. The creation of the main European operator: the Nexi-SIA merger. Rationales of the merger. New group’s composition and main financial metrics. Business valuation post-merger. Analysis of the main synergies and value creation. Qualitative research: the point of view of an expert who participated in the Nexi-SIA operation. In-depth data collection through the qualitative interview method.


Bibliografia e sitografia: pp. 113-119.

Thesis Type: Master's Degree Thesis
Institution: Luiss Guido Carli
Degree Program: Master's Degree Programs > Master's Degree Program in Management, English language (LM-77)
Chair: Financial reporting and performance measurement
Thesis Supervisor: Paolone, Francesco
Thesis Co-Supervisor: Magnanelli, Barbara Sveva
Academic Year: 2021/2022
Session: Summer
Deposited by: Alessandro Perfetti
Date Deposited: 23 Nov 2022 11:26
Last Modified: 23 Nov 2022 11:26


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