M&A Deal Summary

FIS Global Acquires Metavante

On October 1, 2009, FIS Global acquired information technology company Metavante from Warburg Pincus

Acquisition Highlights
  • This is FIS Global’s 4th transaction in the Information Technology sector.
  • This is FIS Global’s 7th transaction in the United States.
  • This is FIS Global’s 2nd transaction in Wisconsin.

M&A Deal Summary
Date 2009-10-01
Target Metavante
Sector Information Technology
Buyer(s) FIS Global
Sellers(s) Warburg Pincus
Deal Type Add-on Acquisition
Advisor(s) Barclays Investment Bank (Financial)
Kirkland & Ellis
Quarles & Brady (Legal)

Target

Metavante

Milwaukee, Wisconsin, United States
Metavante Corp. is a financial services technology company providing integrated banking and payments products and services to banks, retailers, healthcare providers and government entities. Metavante provides core processing technology to run bank operations including account processing for deposit, loan and trust systems, e-banking, risk and compliance and commercial treasury.

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Buyer(S) 1

Buyer

FIS Global

Jacksonville, Florida, United States
Category Company
Founded 1968
Sector Financial Services
Employees60,000
Revenue 9.8B USD (2023)
DESCRIPTION
FIS' corporate headquarters in Jacksonville, Florida.
FIS' corporate headquarters in Jacksonville, Florida.

FIS Global is a provider of core processing for financial institutions; card issuer and transaction processing services; and outsourcing services to financial institutions and retailers. FIS Global was incorporated in 1968 and is based in Jacksonville, Florida.

DEAL STATS #
Overall 7 of 22
Sector (Information Technology) 4 of 5
Type (Add-on Acquisition) 7 of 18
State (Wisconsin) 2 of 2
Country (United States) 7 of 20
Year (2009) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-03-31 Metavante Technologies

Milwaukee, Wisconsin, United States

Metavante Technologies, Inc. is a provider of IT solutions to banking industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-14 Compliance Coach

San Diego, California, United States

Compliance Coach, Inc., provides risk assessment software, e-learning and additional tools to enable compliance with applicable laws and regulations.

Buy -

Seller(S) 1

SELLER

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.

DEAL STATS #
Overall 49 of 251
Sector (Information Technology) 2 of 13
Type (Add-on Acquisition) 17 of 89
State (Wisconsin) 1 of 1
Country (United States) 30 of 137
Year (2009) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-01 Lepu Medical Technology

Beijing, China

Lepu Medical Technology (Beijing) Co. is a interventional cardiology device company in China. Its product portfolio includes drug-eluting stents, occlusion devices, angioplasty-accessories and other cardiology-related devices and equipment. Lepu Medical Technology was founded in 1999 and is based in Beijing, China.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-15 Spigit

Pleasanton, California, United States

Spigit, Inc. is an early-stage software company that provides innovation/idea management services to enterprise customers. It provides customers with collaborative, social networking tools to engage employees and customers for business innovation and idea discovery. Users submit, review, vote and provide feedback on ideas on the platform. Spigit was founded in 2007 and is based in Pleasanton, California.

Buy -
Mergr

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