M&A Deal Summary

First Data Acquires Argencard S.A

On December 11, 2006, First Data acquired business services company Argencard S.A from Northwood Ventures and Bain Capital Private Equity

Acquisition Highlights
  • This is First Data’s 2nd transaction in the Business Services sector.
  • This is First Data’s 1st transaction in Argentina.

M&A Deal Summary

Date 2006-12-11
Target Argencard S.A
Sector Business Services
Buyer(s) First Data
Sellers(s) Northwood Ventures
Bain Capital Private Equity
Deal Type Add-on Acquisition

Target

Argencard S.A

Buenos Aires, Argentina
Argencard S.A. is an electronic transaction processing company and a merchant network administrator.

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Buyer(S) 1

Buyer

First Data

Atlanta, Georgia, United States

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 10 of 23
Sector: Business Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 7 of 20
Country: Argentina M&A 1 of 1
Year: 2006 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-29 Western Union

Denver, Colorado, United States

Western Union is a financial services company that provides people and businesses with fast, reliable and convenient ways to send money and make payments around the world. Western Union's consumer-to-consumer money transfer service enables people to send money around the world, usually within minutes. Western Union also provides consumers with flexible and convenient options for making one-time or recurring payments in our consumer-to-business segment. This segment consists of United States bill payments, Pago Fácil (bill payments in Argentina), and international bill payments. Western Union's business solutions segment facilitates payment and foreign exchange solutions, primarily cross-border, cross-currency transactions, for small and medium size enterprises and other organizations and individuals. Western Union was founded in 1851 and is based in Denver, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-25 Size Technologies

San Francisco, California, United States

Size Technologies, Inc. develops and licenses transaction marketing and open system solutions.

Buy -

Seller(S) 2

SELLER

Northwood Ventures

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1983
PE ASSETS 100M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Northwood Ventures is a private investment firm that invests at all stages of company development, including venture, buyout, consolidation, growth, recapitalization, and turnaround situations. Northwood prefers opportunities located within the US and will consider both minority and control situations. Northwood's typical investment ranges from $5 to $15 million. Target sectors include telecommunications, manufacturing, retailing/consumer, financial services, and service-oriented business industries. Northwood Ventures was formed in 1983 and is based in Syosset, New York.


DEAL STATS #
Overall 30 of 53
Sector: Business Services M&A 1 of 2
Type: Add-on Acquisition M&A Deals 12 of 22
Country: Argentina M&A 1 of 1
Year: 2006 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-08 Stir Crazy

Chicago, Illinois, United States

Stir Crazy, Inc. owns and operates 14 full-service, casual Asian restaurants. The restaurants feature Stir Crazy's signature 'Create-Your-Own' Stir Fry along with a full menu of fresh Asian inspired specialties.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 MCT

Alexandria, Virginia, United States

MCT Corp. is a provider of mobile telecommunications services.

Sell $300M
SELLER

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.


DEAL STATS #
Overall 21 of 152
Sector: Business Services M&A 2 of 9
Type: Add-on Acquisition M&A Deals 7 of 41
Country: Argentina M&A 1 of 1
Year: 2006 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-30 HMH

Boston, Massachusetts, United States

HMH is a learning technology company committed to delivering connected solutions that engage learners, empower educators and improve student outcomes. As a provider of K–12 core curriculum, supplemental and intervention solutions, and professional learning services, HMH partners with educators and school districts to uncover solutions that unlock students' potential and extend teachers' capabilities. HMH serves more than 50 million students and four million educators in 150 countries. HMH was founded in 1832 and is based in Boston, Massachusetts.

Sell $3.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-14 ProSiebenSat.1 Media

Unterfohring, Germany

ProSiebenSat.1 Media is a media company that operates 27 TV channels in 10 countries. The entertainment segment operates free TV stations, such as SAT.1, prosieben, kabel eins, sixx, SAT.1 gold, prosieben MAXX, and kabel eins doku, as well as distributes prosiebenSat.1 HD stations. ProSiebenSat.1 Media was founded in 1984 and is based in Unterfohring, Germany.

Sell $3.9B