Investcorp Capital to invest in Italy’s Epipoli: Abu Dhabi-based Investcorp Capital is investing in Milan-based alternative payments enabler Epipoli, following its recent acquisition by parent firm Investcorp, according to an ADX disclosure (pdf). The investment amount has not been disclosed and remains subject to regulatory approval.

ICYMI- Investcorp signed a definitive agreement last month to acquire Epipoli from Bregal Milestone and founder and CEO Gaetano Giannetto. The move aims to expand the payments and services platform while strengthening its international presence.

Where the money is going: The investment will support Epipoli’s expansion across Europe and further development of its payments and services platform, leveraging Investcorp Capital’s expertise in financial technology, the statement said.

About Epipoli: Founded in 2020, Epipoli operates at the intersection of payments, employee rewards, and customer engagement services, generating EUR 400 mn in turnover. The company manages Italy’s largest CRM and loyalty program, serving 6 mn customers, and launched the country’s first prepaid Mastercard in 2012. Since Milestone’s 2019 investment, Epipoli has quadrupled gross revenues and completed three acquisitions in Italy and Switzerland.

REMEMBER- Investorp has deployed USD 280 mn in investments since the start of its financial year, focusing on high-return opportunities in alternative payments. It is also backing its parent firm’s USD 1 bn Investcorp Golden Horizon fund, which targets high-growth companies in consumer, healthcare, logistics, and business services across the GCC and China. The fund is currently investing in three Middle East projects, primarily in the UAE and Saudi Arabia, CIO Rishi Kapoor previously told Bloomberg.

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