Sunday , May 4, 2025

Mergers & Acquisitions

April, 2011

  • 4 April

    Ingenico To Buy Hypercom Assets, Installs New North American Boss

      Ingenico S.A. will buy part of point-of-sale terminal maker Hypercom Corp.’s U.S. assets as VeriFone Systems Inc. prepares to complete its acquisition of Hypercom under a deal the companies announced Monday. France-based Ingenico also installed the head of its Australian unit, Thierry Denis, as its new North American president. …

January, 2011

November, 2010

  • 17 November

    Hypercom Makes Nice With VeriFone, Agrees to Buyout

    Six weeks ago, point-of-sale terminal maker VeriFone Systems Inc. made an unsolicited, $283 million cash bid for smaller U.S. rival Hypercom Corp., an offer Hypercom immediately rejected as too low and described as “opportunistic and intended to disrupt our business.” Hypercom went so far as to adopt a so-called poison …

September, 2010

  • 15 September

    Consolidation Marches on As Fifth Third Buys NPC

    Another seismic merger rumbled through the merchant-acquiring industry on Wednesday when the big acquirer Fifth Third Processing Solutions LLC announced it had struck an agreement to buy Louisville, Ky.-based National Processing Co. When the deal closes, Cincinnati-based Fifth Third will have more than 420,000 merchant locations and annualized charge volume …

March, 2010

  • 2 March

    Fast-Growing Green Dot Plans To Do an IPO And Buy a Bank

    More than 10 years after its founding, prepaid card reload network and distributor Green Dot Corp. is considering an initial public offering to raise up to $150 million for its next growth phase. The registration statement Monrovia, Calif.-based Green Dot filed last week for the proposed stock offering is a …

April, 2009

  • 1 April

    FIS’s Metavante Acquisition To Create a Processing Powerhouse

    Fidelity National Information Services Inc. (FIS) will buy Metavante Technologies Inc. in a $2.94 billion all-stock deal announced on Wednesday. The acquisition will create a bank- and payments-processing giant with $5 billion in combined revenue and a vast array of products in everything from core banking services to credit, debit, …

November, 2008

  • 5 November

    First Data-InComm Deal Appears To Be Casualty of Economic Tailspin

    A slumping economy appears to have been what scuttled First Data Corp.’s deal to buy prepaid card program manager InComm Corp. The agreement, announced in April (Digital Transactions News, April 29), involved transaction-processing giant First Data acquiring Atlanta-based InComm for $980 million, with a further payout of $250 million over …

November, 2007

  • 20 November

    Did Buyer’s Remorse at Cap One Sink the $700 Million NetSpend Deal?

    Though Capital One Financial Corp. and prepaid card manager NetSpend Holdings Inc. late on Monday said they had “mutually agreed” to call off Cap One’s planned $700 million cash acquisition of NetSpend, the move may have been a consequence of the deal’s hefty price tag, says an analyst who follows …

September, 2007

  • 25 September

    It’s Labry up And Bailis out As KKR Completes Its First Data LBO

    It wasn’t just another Monday for processor First Data Corp. The company started its new life as a private company by completing its widely watched, $29 billion leveraged buyout, and it installed a new management team under new chairman and chief executive Michael D. Capellas. Edward Labry, the head of …

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 …

Digital Transactions