First Data - M&A Summary and Business Overview

Financial ServicesCompany

First Data M&A Summary

First Data has acquired 31 companies, including 4 in the last 5 years. A total of 18 acquisitions came from private equity firms. It has also divested 3 assets.

First Data’s largest acquisition to date was in 2003, when it acquired Concord EFS for $6.7B. It’s largest disclosed sale occurred in 2018, when it sold First Data - Remittance Processing Business to Deluxe for $93M. First Data has acquired in 9 different US states, and 7 countries. The Company’s most targeted sectors include internet software and services (44%) and financial services (31%).

First Data Business Overview

Where is First Data headquartered?

First Data is headquartered in Atlanta, Georgia.

What is First Data’s revenue?

First Data disclosed revenue of 8,679M USD for 2018 and 8,129M USD for 2017.

How many employees does First Data have?

First Data has 24,000 employees.

What sector is First Data in?

First Data is a financial services company.

When was First Data founded?

First Data was founded in 1989.

M&A Summary

  • M&A Total Activity26
    • M&A Buy Activity23
    • M&A Sell Activity3
  • Total Sectors Invested 5
  • Total Countries Invested 7
  • M&A Buy/Sell Connections 22
  • M&A Advisors 4

First Data

First Data Corp.

5565 Glenridge Connector, NE Suite 2000,
Atlanta, Georgia 30342
United States,
(404) 890-2000
www.firstdata.com

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.


M&A Summary

Buy vs Sell

Year ≤ '14 '15 '16 '17 '18 '19 T
Buy (1.6/yr) # 15 2 - 3 - 3 23
vol $13.8B $1.5B $113M $15.4B
Sell (0.2/yr) # 2 - - - 1 - 3
vol $93M $93M
  26

Most Recent M&A

Company Date Value Type
Payzone UK Ltd. 2019-04-18 113M EUR Add-on Acquisition
Cheshire, United Kingdom · www.payzone.co.uk
ayCash GmbH 2019-03-21 - Add-on Acquisition
Nurnberg, Germany · www.ayca.sh
Software Express 2019-03-12 - Add-on Acquisition
Sao Paulo, Brazil · www.softwareexpress.com.br
First Data Corp. - Remittance Processing Business 2018-08-16 93M USD Divestiture
Atlanta, Georgia
BluePay Processing, Inc. 2017-10-20 760M USD Add-on Acquisition
Naperville, Illinois · www.bluepay.com
CardConnect Corp. 2017-05-29 750M USD Add-on Acquisition
King of Prussia, Pennsylvania · www.cardconnect.com
Acculynk 2017-03-16 - Add-on Acquisition
Atlanta, Georgia · www.acculynk.com
Spree Commerce, Inc. 2015-09-18 - Add-on Acquisition
Chevy Chase, Maryland · www.spreecommerce.com
Transaction Wireless, Inc. 2015-07-14 - Add-on Acquisition
San Diego, California · www.transactionwireless.com
Gyft, Inc. 2014-07-30 - Add-on Acquisition
Redwood City, California · www.gyft.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Internet Software and Services 10 (43%) 863M (6%) - -
Financial Services 7 (30%) 14.4B (94%) 1 (33%) -
Information Technology 3 (13%) 113M (1%) - -
Business Services 2 (9%) - - -
Software - - 2 (67%) 93M (100%)
Technology Hardware 1 (4%) - - -
Total 23 $15.4B 3 $93M

By Geo

State/Country Buy Value Sell Value
United States 17 15.2B 3 93M
  California 6 - - -
  Georgia 4 6.6B 2 93M
  Texas 1 - - -
  Tennessee 1 6.7B - -
  Pennsylvania 1 750M - -
  Oregon 1 - - -
  Maryland 1 - - -
  Illinois 1 760M - -
  Florida 1 364M - -
  Colorado - - 1 -
Argentina 1 - - -
Brazil 1 - - -
Canada 1 - - -
  Ontario 1 - - -
Germany 1 - - -
Norway 1 113M - -
United Kingdom 1 113M - -
Domestic 17 (74%) 15.2B (99%) 3 (100%) 93M (100%)
Cross-border 6 (26%) 225M (1%) - -
Total 23 $15.4B 3 $93M

Top M&A Advisors

Financial Deals
Raymond James - Investment Banking
1
Allen & Company
1
Steelhead Advisors LLC
1
Legal Deals
Weil Gotshal & Manges
2

Deal Values

buy # Total
> $1B 2 $13.3B
$100M to $1B 5 $2.1B
TOTAL $15.4B
Largest Concord EFS, Inc.
$6.7B (2003-04-02)
sell # Total
< $100M 1 $93M
TOTAL $93M
Largest First Data Corp. - Remittance Processing Business
$93M (2018-08-16)

M&A Connections

Deals
Acquired from
Investor(s)
43%
10 (43%)
Strategic(s)
4%
1 (4%)
Divested to
Strategic(s)
67%
2 (67%)

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