Mergers & Acquisitions

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 …

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. …