Friday , January 19, 2018

Mergers & Acquisitions

August, 2007

  • 8 August

    Cap One Extends Debit Reach with $700 Million NetSpend Deal

    Capital One Financial Corp.’s decision to buy prepaid card processor NetSpend Corp. comes at a time when the network-branded prepaid card market is rapidly expanding and close on the heels of Cap One’s market-changing move into debit cards that can be held by consumers with accounts at any bank (Digital …

July, 2007

  • 31 July

    As Shareholders Okay KKR Deal, FDC Insists Buyout Is on Track

    Amid reports about tightening credit, First Data Corp. shareholders today approved the $29 billion sale of their company to private-equity firm Kohlberg Kravis Roberts & Co. According to a First Data release, more than 98% of the shares cast voted in favor of the buyout. Shareholders will get $34.00 in …

May, 2007

  • 31 May

    Could the Ceridian Deal Lead to a Comdata-Certegy Combo?

    The move by Ceridian Corp., owner of fast-growing payment processor Comdata Corp., to go private in a deal involving Boston-based Thomas H. Lee Partners LLC and insurance-industry processor Fidelity National Financial Inc. represents the latest in a series of processor deals backed by private equity and could lead to yet …

  • 22 May

    End of 50-Day Go-Shop” Period Leaves KKR As Sole First Data Suitor”

    The proposed $29 billion buy-out of leading payment processor First Data Corp. by private-equity firm Kohlberg Kravis Roberts & Co. cleared another hurdle on Tuesday when First Data reported that its 50-day “go-shop” period had ended without netting any competing bids.n n In announcing the buyout in early April, First …

April, 2007

  • 2 April

    ‘Barbarians’ Get Set to Take over First Data in a $29 Billion Buyout

    The leveraged-buyout craze caught up with the electronic-payment processing industry on Monday when No. 1 processor First Data Corp. announced it had struck a $29 billion deal to be acquired by investment firm Kohlberg Kravis Roberts & Co. Under the plan approved by Greenwood Village, Colo.-based First Data’s board of …

January, 2005

  • 11 January

    GTCR Will Keep Its Grip on VeriFone Even After the Proposed IPO

    VeriFone Inc. will continue to be controlled by GTCR Golder Rauner LLC, a Chicago-based private equity firm, and its current chief executive, Douglas Bergeron, will continue to be a major shareholder even after the San Jose, Calif.-based point of sale terminal maker completes its proposed initial public offering of stock. …