M&A Deal Summary |
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Date | 2017-10-20 |
Target | BluePay |
Sector | Financial Services |
Buyer(s) | First Data |
Sellers(s) | TA Associates |
Deal Type | Add-on Acquisition |
Deal Value | 760M USD |
Advisor(s) | Credit Suisse Investment Banking (Financial) Goodwin Procter (Legal) |
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Category | Company |
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Founded | 1989 |
Sector | Financial Services |
Employees | 24,000 |
Revenue | 8.7B USD (2018) |
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 | 20 of 23 |
Sector (Financial Services) | 6 of 7 |
Type (Add-on Acquisition) | 17 of 20 |
State (Illinois) | 1 of 1 |
Country (United States) | 17 of 17 |
Year (2017) | 3 of 3 |
Size (of disclosed) | 3 of 7 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2017-05-29 |
CardConnect
King of Prussia, Pennsylvania, United States CardConnect Corp. is a provider of payment processing and technology solutions, helping more than 67,000 organizations from independent coffee shops to iconic global brands – accept billions of dollars in card transactions each year. CardConnect Corp. was formed in 2006 and is based in King of Prussia, Pennsylvania. |
Buy | $750M |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2018-08-16 |
First Data - Remittance Processing Business
Atlanta, Georgia, United States First Data Corp. - Remittance Processing Business provides a robust suite of services across payment types, as well as image capture software. The solutions are designed to improve operational efficiency, reduce costs, and improve funds availability for financial institutions and corporate clients. |
Sell | $93M |
Category | Private Equity Firm |
---|---|
Founded | 1968 |
PE ASSETS | 65.0B USD |
Size | Mega |
Type | Sector Agnostic |
TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.
DEAL STATS | # |
---|---|
Overall | 207 of 255 |
Sector (Financial Services) | 27 of 31 |
Type (Add-on Acquisition) | 115 of 130 |
State (Illinois) | 9 of 11 |
Country (United States) | 180 of 206 |
Year (2017) | 8 of 10 |
Size (of disclosed) | 17 of 67 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2017-10-12 |
Professional Warranty Service
Chantilly, Virginia, United States Professional Warranty Service is a provider of new home warranty products and administration services to residential construction firms. The warranty coverage provides for impartial third-party arbitration, with multiple layers of protection for all parties and transferability among homeowners. Professional Warranty Service was founded in 1995 and is based in Chantilly, Virginia. |
Sell | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2017-12-04 |
Twin Med
Santa Fe Springs, California, United States Twin Med LLC is a provider of non-pharmaceutical medical supplies to the long-term care industry. Twin Med offers a broad range of disposable medical supplies such as incontinence products, nursing, diabetic and respiratory supplies, non-prescription medicines, linens, enterals, durable medical equipment and janitorial supplies to skilled nursing facility operators throughout the United States. Twin Med was founded in 1998 and is based in Santa Fe Springs, California. |
Sell | - |