M&A Deal Summary

First Data Acquires BluePay

On October 20, 2017, First Data acquired financial services company BluePay from TA Associates for 760M USD

Acquisition Highlights
  • This is First Data’s 6th transaction in the Financial Services sector.
  • This is First Data’s 3rd largest (disclosed) transaction.
  • This is First Data’s 17th transaction in the United States.
  • This is First Data’s 1st transaction in Illinois.

M&A Deal Summary
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)

Target

BluePay

Naperville, Illinois, United States
BluePay is a provider of technology-enabled credit card payment processing services for enterprise, small and medium-sized businesses in the United States and Canada. BluePay Processing is based in Naperville, Illinois.

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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 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
PREVIOUS DEAL
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
FOLLOWING DEAL
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

Seller(S) 1

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

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
PREVIOUS DEAL
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 -
FOLLOWING DEAL
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 -
Mergr

Product

Company

Legal