Merger • Financial Services

First Data Acquires Concord EFS

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

Acquisition Context

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.

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M&A Deal Summary
Date	April 2, 2003
Target	Concord EFS
Sector	Financial Services
Buyer(s)	First Data
Deal Type	Merger
Deal Value	6.7B USD

Target Company

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 Overview 1

Buyer

First Data

Atlanta, Georgia, United States

Category	Company
Founded	1989
Sector	Financial Services
Employees	24,000
Revenue	8.7B USD (2018)

DESCRIPTION

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 Context for Buyer	#
Overall	7 of 23
Sector: Financial Services	4 of 8
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	-

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

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

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