* CVC buys Cerved from peers Bain Capital, Clessidra
* Aims to develop Cerved internationally
* Cerved had 292 mln euro revenues in 2012
MILAN, Jan 2 CVC Capital Partners has agreed to
buy Italy's Cerved from private equity peers Bain Capital and
Clessidra for 1.13 billion euros ($1.5 billion) as it looks to
develop the credit data provider's business outside Italy.
"We look forward to support the next phase of Cerved's
growth into adjacent markets as well as internationally," CVC
Italy head Giampiero Mazza said in a statement on Wednesday.
Cerved is Italy's leading provider of business credit data
and provides information to over 30,000 clients, including 90
percent of Italian banks and more than 80 percent of Italy's top
Europe's debt crisis has prompted many banks and businesses
to seek out information on solvency-related issues to reduce
"Our plan is to continue pursuing the growth of the business
both organically and through acquisitions," Cerved CEO
Gianandrea De Bernardis said.
Cerved, with 1,020 employees, posted revenues of 292 million
euros in 2012.
The deal is subject to competition clearance.
Deutsche Bank was lead advisor for CVC on the
deal, while HSBC was lead adviser for the sellers.
Credit Suisse, Deutsche Bank and HSBC committed
financing for the transaction.