M&A Deal Summary

First Data Acquires Concord EFS

On April 2, 2003, First Data acquired financial services company Concord EFS for 6.7B USD

Acquisition Highlights
  • This is First Data’s 4th transaction in the Financial Services sector.
  • This is First Data’s largest (disclosed) transaction.
  • This is First Data’s 7th transaction in the United States.
  • This is First Data’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2003-04-02
Target Concord EFS
Sector Financial Services
Buyer(s) First Data
Deal Type Merger
Deal Value 6.7B USD

Target

Concord EFS

Memphis, Tennessee, United States
Concord EFS, Inc. is a vertically integrated electronic transaction processor. The Company acquires, routes, authorizes, captures and settles virtually all types of electronic payment and deposit access transactions for financial institutions and merchants nationwide.

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Buyer(S) 1

Buyer

First Data

Atlanta, Georgia, United States

website

Category Company
Founded 1989
Sector Financial Services
Employees24,000
Revenue 8.7B USD (2018)
DESCRIPTION
First Data's corporate headquarters in Atlanta, Georgia.
First Data's corporate headquarters in Atlanta, Georgia.

First Data is a provider of electronic commerce and payment solutions for merchants, financial institutions and card issuers. First Data was formed in 1989 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 7 of 23
Sector (Financial Services) 4 of 7
Type (Merger) 2 of 2
State (Tennessee) 1 of 1
Country (United States) 7 of 17
Year (2003) 1 of 1
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-19 PayPoint Electronic Payment Systems

Los Angeles, California, United States

PayPoint Electronic Payment Systems, Inc. is the largest processors of personal identification number (PIN)-based debit transactions and a leading national electronic payment processor.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-21 EuroProcessing International ASA

Oslo, Norway

EuroProcessing International ASA is a card processing industry. EuroProcessing International's main focus is to own, develop and operate card processing infrastructure in Central and Eastern Europe.

Buy €100M
Mergr

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