FISERV INC acquired First Data Corporation for all-stock transaction; 286 million Fiserv shares issued at a 0.303 exchange ratio (total purchase price reported as $46.5 billion; equity value of roughly $22 billion at announcement), a transaction completed in July 2019, structured as all stock. The deal was a Merger.
First Data Corporation operates in Payments & merchant acquiring / financial technology, is based in United States (First Data, formerly NYSE: FDC); New Omaha Holdings / KKR was the controlling shareholder. First Data was a global leader in commerce-enabling technology and merchant acquiring, whose Clover point-of-sale platform and payment processing serve millions of merchants and financial institutions worldwide.
The combination created one of the world's leading payments and financial technology providers, with the ability to deliver unique value to financial institutions, corporate and merchant clients, and consumers across an extensive range of end-to-end capabilities.
Brought merchant acquiring and the high-growth Clover POS platform together with Fiserv's account-processing and digital-banking franchise, materially expanding scale across the payments value chain. Combined company retained the Fiserv brand and Nasdaq ticker FISV; New Omaha Holdings expected to own approximately 16% of Fiserv at close.
The completion of this transformative combination is a major milestone in the evolution of our companies. We have continued to identify ways in which we can deliver differentiated value to clients, associates and shareholders, and are excited to work together on fulfilling the promise of the combination.Jeffery Yabuki, Chairman and Chief Executive Officer, Fiserv
As a newly combined company, we will leverage our technology expertise and integrate our solutions to serve client needs in ways no one else can match.Frank Bisignano, President and Chief Operating Officer, Fiserv
Advisory firms were not disclosed for this transaction.