M&A Deal Summary

Fiserv Acquires Monitise

On June 13, 2017, Fiserv acquired information technology company Monitise from 3i Private Equity for 70M GBP

Acquisition Highlights
  • This is Fiserv’s 6th transaction in the Information Technology sector.
  • This is Fiserv’s 9th largest (disclosed) transaction.
  • This is Fiserv’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2017-06-13
Target Monitise
Sector Information Technology
Buyer(s) Fiserv
Sellers(s) 3i Private Equity
Deal Type Add-on Acquisition
Deal Value 70M GBP

Target

Monitise

London, United Kingdom
Monitise plc is a specialist in financial services technology focused on accelerating the digital transformation of banks and financial institutions. Monitise FINkit® platform and associated capabilities builds upon over a decade of experience in delivering digital services to banks and financial services partners. Whether it is augmenting legacy systems with minimal impact on those systems, a greenfield project, or strategic digital transformation, FINkit® delivers innovation at speed, safely and securely.

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Buyer(S) 1

Buyer

Fiserv

Brookfield, Wisconsin, United States

Category Company
Founded 1984
Sector Information Technology
Employees42,000
Revenue 19.1B USD (2023)
DESCRIPTION
Fiserv's corporate headquarters in Brookfield, Wisconsin.
Fiserv's corporate headquarters in Brookfield, Wisconsin.

Fiserv is a provider of information management and electronic commerce systems for the financial services industry, providing integrated technology and services that create value and results for clients. Clients include banks, credit unions and thrifts, billers, mortgage lenders and leasing companies, brokerage, and investment firms. Fiserv was founded in 1984 and is based in Brookfield, Wisconsin.


DEAL STATS #
Overall 31 of 42
Sector (Information Technology) 6 of 10
Type (Add-on Acquisition) 28 of 36
Country (United Kingdom) 1 of 2
Year (2017) 1 of 3
Size (of disclosed) 9 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-06 Fiserv - Item Processing Business

Australia

Fiserv, Inc. - Item Processing Business is a provider of superior client service outcomes and operational economies of scale to a mission-critical process that is an essential part of the Australian financial ecosystem.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-01 PCLender

Honolulu, Hawaii, United States

PCLender LLC is a provider of enterprise internet-based mortgage software and mortgage lending technology solutions. PCLender offers fully hosted Software-as-a-Service (SaaS) low-maintenance tools and expert services have helped streamline mortgage lending operations from marketing and origination through closing, secondary marketing, warehouse line management, investor delivery, and loan-level reconciliation. PCLender LLC was founded in 1997 and is based in Honolulu, Hawaii.

Buy -

Seller(S) 1

SELLER

3i Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1945
PE ASSETS 16.7B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

3i Private Equity is the private equity arm of 3i Group, a publicly held, global investment firm focused on private equity and infrastructure investing. 3i Private Equity generally targets buyout and growth capital financings and looks for opportunities across Europe, North America, and Asia. The Firm's targeted transaction range is €100 to €500 million. Industries of interest include business services, healthcare, consumer, media, oil/gas & power, technology, and financial services. 3i Group was originally formed in 1945 and is based in London.


DEAL STATS #
Overall 181 of 194
Sector (Information Technology) 8 of 8
Type (Add-on Acquisition) 55 of 61
Country (United Kingdom) 62 of 64
Year (2017) 5 of 9
Size (of disclosed) 54 of 78
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-12 Formel D

Cologne, Germany

Formel D is a service provider to the automotive and component supply industry. The company develops concepts and scalable solutions for quality assurance and process optimisation along the entire automotive value chain - from development to production through to aftersales. Formel D was founded in 1993 and is based in Cologne, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-17 Memora

Barcelona, Spain

Memora provides funeral services and cemeteries management. The group manages 96 funeral parlours, 16 crematories and 25 cemeteries. Memora was founded in 2001 and is based in Barcelona, Spain.

Sell -