First Data Corporation

First Data Corporation

First Data Corporation

Overview
Date Founded

1989

Headquarters

5565 Glenridge Connector NE, Suite 2000, Atlanta, GA, 30342

Type of Company

Public

Employees (Worldwide)

19K

Industries

IT Consulting & Services
Other Business & Consulting Services
Accounting & Financial Services
Internet Software & Services

Company Description

First Data Corp. engages in the provision of commerce-enabling technology and solutions; and payment technology and services. It operates through the following segments: Global Business Solutions; Global Financial Solutions; and Network and Security Solutions. The Global Business Solutions segment provides retail point-of-sale merchant acquiring and eCommerce services. The Global Financial Solutions segment provides credit solutions for bank and non-bank issuers, such as credit and retail private-label card processing; and licensed financial software systems, such as VisionPLUS bank processing application and lending solutions. The Network and Security Solutions segment provides EFT network solutions, such as STAR Network and debit card processing solutions. The company was founded in 1971 and is headquartered in New York, NY.

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Executives & Employees

Chief Executive Officer

President

Executive Vice President & Chief Financial Officer

Executive Vice President & General Counsel

Chief Information Officer

Chief Control Officer

Executive Vice President, Corporate Controller & Chief Accounting Officer

Executive Vice President, Co-Head of Global Financial Solutions, Head of Institutional Sales

Executive Vice President, Head of Network & Security Solutions

Executive Vice President & Head of Global Business Solutions

Board of Directors

Managing Partner at Trenton Thunder

Co-Founder at KKR & Co., Inc.

Founder at The Swarthmore Group, Inc.

Co-President & Co-Chief Operating Officer at KKR & Co., Inc.

Member & Head of Financial Services & Hospitality & Leisure at Kohlberg Kravis Roberts & Co. LP

Former Chairman, President & Chief Executive Officer at Ally Bank Corp.

Advisor at Cantor Fitzgerald LP

General Mills, Inc.

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Owners & Shareholders
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GCM's investment process focuses on deep, fundamental research and individual security selection primarily within equity and credit-oriented strategies. The firm employs a GARP investment approach that focuses on companies in stable industries, with recurring revenue streams or entrenched market positions. GCM may also focus on contrarian investments (cyclical or company specific). They often combine GARP and contrarian investing when a steady growth business emerges within a company as the dominant economic force over a more challenged business unit. GCM invests in stored or hidden value situations, where excess balance sheet capacity may be used to accelerate returns or where contractual rights or startup operations show no present value but may be significant drivers of value tomorrow. In addition to long equity investments, GCM commits significant capital to short equity positions. They look for companies whose industries face cyclical, transitory or secular headwinds, whose competitive position is likely to erode over the near- to medium-term, and companies whose liquidity profile will potentially create equity value impairment or cause future issuance of additional equity at lower prices. GCM may also maintain short positions in equity index futures or other index products to reduce net market risk. The firm also engages in long and short credit positions with emphasis on business or asset stability over growth. They may seek to reduce the risk through other hedges that protect the overall portfolio of the Funds, including interest rates, foreign currencies or sovereign, corporate or asset-backed credit spreads.

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SCM focuses primarily on publicly traded equities but they also believe they can add value by evaluating all levels of a company's capital structure and on occasion, will invest in a company's secured debt, unsecured debt, or preferred stock. The firm believes that non-equity securities and derivatives are often less volatile instruments and may present a more attractive risk/reward profile than simply investing in the common stock. They generally also use derivatives for hedging purposes. Asset valuation and bottom-up research drive SCM's investment decision making. The firm typically favors buying securities that are statistically cheap. The securities the funds own will often have some of the following valuation characteristics: low price to earnings ratio, low price to cash flow, low price to book value, or low price to sales. A careful, detailed evaluation of a company's business model, growth prospects, management team, and financial statements typically drives SCM's investment approach on the short side.

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Alpine Associates Management manages the investment portfolios of the Alpine Funds and the accounts of their other clients using several strategies. Their main strategies are merger arbitrage and long/short equity trading. Alpine also uses other strategies including convertible arbitrage and investing in bankruptcy and other credit opportunities. Alpine seeks to produce superior risk-adjusted returns with low volatility in all types of market environments.Alpine's long/short equity trading strategy involves the purchase and sale of actively traded common stocks. They also trades in stock index futures and other derivatives, options, preferred stocks, corporate and government bonds, swaps, other securities and financial instruments and currencies. Alpine may engage in pairs trading. A major part of this strategy involves the creation of synergistic positions in connection with Alpine's merger arbitrage and bankruptcy and other credit opportunities strategies. The firm seeks to capitalize on market dislocations caused by mergers and other corporate transactions and events. They also engage in general equity trading, using technical and fundamental analysis to identify stocks that are underpriced or overpriced relative to their peers or on an absolute basis.Alpine's merger arbitrage strategy focuses on the purchase of securities sought in cash tender offers, exchange offers, mergers or other extraordinary transactions, and the tendering or exchange of these securities for cash or new securities. When a new security is offered in exchange for a purchased security, Alpine simultaneously takes an offsetting short position that is covered with the new security when it is received. This strategy may involve purchasing or selling options, swaps and other derivative instruments to enhance returns or limit risk. Alpine's merger arbitrage strategy focuses on publicly announced transactions with definitive merger agreements.

Recent Transactions
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Innova Capital Sp zoo, Centrum Rozliczen Elektronicznych Polskie ePlatnosci SA purchase BillBird SA from First Data Corporation

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Fiserv, Inc. purchases First Data Corporation

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SIA SpA, F2i Fondi Italiani per le Infrastrutture SGR SpA, CDP Equity SpA (Private Equity) purchase First Data Corp. /Southeast Europe from First Data Corporation

Transaction Advisors
Accountant

Advised onKohlberg Kravis Roberts & Co. LP purchases First Data Corporation

Legal Advisor

Advised onKohlberg Kravis Roberts & Co. LP purchases First Data Corporation

Legal Advisor

Advised onKohlberg Kravis Roberts & Co. LP purchases First Data Corporation

Legal Advisor

Advised onFiserv, Inc. purchases First Data Corporation

Legal Advisor

Advised onFiserv, Inc. purchases First Data Corporation

Associate

Advised onFiserv, Inc. purchases First Data Corporation

Advisors & Consultants
Advisor

President & Managing Director at Morgan Stanley Investment Management, Inc.

Advisor

Former Treasurer & Senior Vice President at American Express Co.

Real Estate Agent

Executive Vice President & Managing Director, Los Angeles West at Newmark Knight Frank

Clients

ZenPayroll, Inc. provides software for automating all payroll tax calculations and payments. It offers a software that guides users to process payroll, automatic tax filing, paystubs and pay history information solutions. The company was founded by Edward Kim, Tomer London and Joshua Reeves in 2012 and is headquartered in San Francisco, CA.

Priority Technology Holdings, Inc. operates as a blank check company, which was formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination. It operates through the following segments: Consumer Payments and Commercial Payments and Managed Services. The Consumer Payments segment- represents consumer-related services and offerings including merchant acquiring and transaction processing services including the proprietary MX enterprise suite. Either through acquisition of merchant portfolios or through resellers, the Company becomes a party or enters into contracts with a merchant and a sponsor bank. The Commercial Payments and Managed Services segment- represents services provided to certain enterprise customers, including outsourced sales force to those customers and accounts payable automation services to commercial customers. The company was founded on April 23, 2015 and is headquartered in Alpharetta, GA.

Valley National Bancorp is a regional bank holding company headquartered in Wayne, New Jersey with $16 billion in assets. Its principal subsidiary, Valley National Bank, currently operates 210 branches in 146 communities serving 16 counties throughout northern and central New Jersey, Manhattan, Brooklyn, Queens and Long Island. Valley National Bank is one of the largest commercial banks headquartered in New Jersey and is committed to providing the most convenient service, the latest in product innovations and an experienced and knowledgeable staff with a high priority on friendly customer service 24 hours a day, 7 days a week.

Key Stats and Financials As of 2018
Market Capitalization
$23.9B
Total Enterprise Value
$36.1B
Earnings Per Share
$1.05
Revenue
$9.5B
Net Profit
$1B
EBITDA
$3.01B
EBITDAMargin
31.71%
Total Debt
$17.6B
Total Equity
$7.04B
Enterprise Value Sales
3.8x
Enterprise Value EBITDAOperating
11.98x
TEVNet Income
35.92x
Debt TEV
0.49x
Three Year Compounded Annual Growth Rate Of Revenue
-6.04%
Five Year Compounded Annual Growth Rate Of Revenue
-2.55%
Non-Profit Donations & Grants
Political Donations
Investments
Details Hidden

Insphire Io Corp. develops software-as-a-service (SaaS) solutions for student debt repayment for employers, platforms and users. The company was founded by Laurel Taylor in 2015 and is headquartered in Boston, MA.

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Finxact, Inc. develops core-as-a-service banking technology. It allow banks to deliver new services for today's omni-channel consumer. The company was founded by Francis R. Sanchez, Michael A. Sanchez, Deborah Kovacs, Dylan Phillips, Dan H. McKinney and Jim Joyce and is headquartered in Jacksonville, FL.

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Shopkeep, Inc. engages in the provision of cloud-based point of sale software for managing retail shops and restaurants. It allows business owners to set-up registers in minutes, accept cash and credit cards with their choice of processor, view real-time sales on their smartphone, and track inventory and staff. The firm's web-based BackOffice allows inventory, employee, and customer management, and robust analytics and reporting. The smartphone dashboard application allows merchants to view real-time store sales remotely. The company was founded by David Olk, Jason Richelson and Amy Bennett in 2010 and is headquartered in New York, NY.

Investors
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Investor at Gyft, Inc.

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Trilantic Capital Management (TCM) seeks opportunities to invest in companies that are looking for equity capital in North America and Western Europe. It targets companies with enterprise value of $100 million to $1 billion in North America and €100 million to €1 billion in Europe. It focuses on business services, consumer, energy and financial services in North America and Consumer & Leisure, TMT, Industrials, Business Services and Healthcare in Europe. It provides financing for management buyouts, recapitalizations, growth equity, corporate divestitures, backing management teams to create new business platforms, generational transitions with investment size of $50 to $250 million in North America and €50 to €150 million in europe. Their strategy is to make control or significant minority equity and equity-oriented investments. It also co-invests with other sponsors. It also takes board seat.

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Lehman Brothers Merchant Banking (LBMB) was the buyout arm of Lehman Brothers. After Lehman's bankruptcy in 2009, the business was sold to its partners and a minority interest was acquired by Reinet Investments. The original Lehman group, which was based in New York City, was founded in 1986 and is currently investing from a $2.6 billion fund raised prior to the bankruptcy of Lehman.

Suppliers
Apigee Corp. Internet Software & Services | Sunnyvale, CA

Apigee Corp. develops application programming interface platforms and predictive big data analytics technology. Its platforms include Gateway, Security, Analytics, Developer Portal, Operations, Platform Add Ons and Pricing. The company was founded by Ravi Chandra, Rajvir Singh, Jay Sethuram, Ravikrishna Cherukuri, Vikas Deolaliker and Meenakshi Singh on June 3, 2004 and is headquartered in San Jose, CA.

Ingenico Group SA Industrial Machinery & Manufacturing | Paris, IF

Ingenico Group SA acts as a seamless payment services provider. It provides smart, trusted and secure solutions whatever the channel, empowering in-store, on-line and mobile commerce. The company operates with three commercial brands: Ingenico Smart Terminals, Ingenico Payment Services and Ingenico ePayments. Ingenico Group was founded by Jean-Jacques Poutrel and Michel Malhouitre in 1980 and is headquartered in Paris, France.

Visa, Inc. Consumer Finance | Foster City, CA

Visa, Inc. engages in the provision of payment services. It also facilitates global commerce through the transfer of value and information among global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit card, credit card, prepaid products, commercial payment solutions, and global ATM. The company was founded by Dee Hock in 1970 and is headquartered in San Francisco, CA.

Competitors
Oracle Corp. Computer Software - Redwood Shores, CA

Oracle Corporation is an American multinational computer technology corporation headquartered in Redwood Shores, California. The company specializes primarily in developing and marketing database software and technology, cloud engineered systems, and enterprise software products — particularly its own brands of database management systems. In 2018, Oracle was the third-largest software maker by revenue, after Microsoft and Alphabet. The company also develops and builds tools for database development and systems of middle-tier software, enterprise resource planning (ERP) software, customer relationship management (CRM) software, and supply chain management (SCM) software.

MasterCard, Inc. Consumer Finance - Purchase, New York

MasterCard is a technology company and payments industry leader. For more than four decades, we have been a driving force at the heart of commerce, making the global economy safer, more efficient, more inclusive and more transparent for all. Consumers, merchants, business partners and governments in markets around the world have reaped the benefits of our innovative products and solutions which, simply put, are designed to make life easier

JPMorgan Chase & Co. Retail & Commercial Banking

JPMorgan Chase & Co. is an American multinational banking and financial services holding company. It is the largest bank in the United States by assets, and as of 2012, it ranks as the second largest bank in the world by assets with total assets of $2.509 trillion. It is a major provider of financial services, and according to Forbes magazine is the world's second largest public company based on a composite ranking. The hedge fund unit of JPMorgan Chase is one of the largest hedge funds in the United States. It was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co

Awards & Honors
Rank #249
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #249
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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