First Data Corporation

First Data Corporation

First Data Corporation

Overview
Date Founded

1971

Headquarters

225 Liberty Street,29th floor,New York, NY 10281

Type of Company

Public

Employees (Worldwide)

22K

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 Atlanta, GA.

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Executives & Employees

Chief Executive Officer

President

Executive Vice President & Chief Financial Officer

Executive Vice President, Chief Operations Officer

Executive Vice President & General Counsel

Chief Information Officer

Chief Accounting Officer & Controller

Chief Control Officer

Chief Accounting Officer & Controller

Executive Vice President & Head of Global Business Solutions

Board of Directors

Chief Executive Officer at First Data Corporation

Executive Chair at The National Center on Addiction and Substance Abuse at Columbia University

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

Advisor at Cantor Fitzgerald LP

Former Chief Executive Officer, Treasury & Securities Services at JPMorgan Chase & Co.

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First Data Corporation
Owners & Shareholders
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Steadfast Capital Management (SCM) seeks to generate attractive rates of return over a long period of time by investing primarily in publicly traded securities, both long and short. Although they hope to generate competitive returns on investment for the funds, Steadfast emphasizes the preservation of capital and the avoidance of large draw-downs, especially in declining markets. The firm believes that a disciplined approach based on intensive research, a focus on the direction of underlying company fundamentals, and portfolio diversification can provide attractive returns on capital without undue risk to principal. SCM may use leverage as part of each fund's investment program.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.Investments are not confined to any particular approach or industry and may include: long or short positions in publicly-traded or privately issued or negotiated common stocks, preferred stocks, stock warrants and rights, corporate debt, bonds, notes or other debentures or debt participations, convertible securities, options (purchased or written), on any type of security, commodity or derivative, commodities, futures contracts, forward contracts (including, withoutlimitation, currency forward contracts), currencies and other derivative investments, swaps (including, without limitation, credit default swaps), partnership interests, opportunities in real estate, contract rights, cash and other securities or other financial instruments, including those of investment companies, and other asset classes, such as hard assets.

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Founded in 1997, the Canada Pension Plan Investment Board is a professional investment management organization based in Toronto with additional offices in London and Hong Kong. The firm is also known as the CPP Investment Board. They manage the investments of the Canada Pension Plan (CPP).

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Senator Investment Group's Global Funds pursue opportunistic investments, long and short, in distressed debt, value and event equities, and special situations. These investment opportunities may include long investments in distressed or stressed equity and credit situations, investment grade and high yield debt, capital structure trades, special situations involving spin-offs, litigation plays and other events, and deep value opportunities. Senator invests in a broad range of securities and can invest at any level of a company's capital structure, including bank debt, corporate bonds, equities, preferred stock, convertible securities, trade claims, credit default swaps, options, and other derivative instruments. Senator will also opportunistically pursue private equity investments and other illiquid investments as deemed appropriate. Senator invests on a global basis, in the US, the UK, continental Europe, Canada, Asia, and Latin America.The Sidecar Funds seek to deliver superior absolute returns to investors by employing a global and opportunistic strategy for investing in less liquid situations, including private or illiquid debt and equity investments. Senator also actively seeks opportunities to provide creative capital solutions to corporate issuers and may pursue control private equity positions when they believe there is an exceptional opportunity to earn superior risk-adjusted returns. The Sidecar Funds' portfolio is generally be long-only, although Senator may make short sales. Senator seeks to emphasize capital preservation and mitigate risk through investment structuring, portfolio construction and hedging strategies. The firm employs a bottom-up analysis, assessing all components of a company's capital structure. The conclusions reached from this bottom-up approach are then applied to the Sidecar Funds' investment decisions.

Recent Transactions
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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

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Deluxe Corp., Wausau Financial Systems, Inc. purchase First Data Corp. /Remittance Processing Business from First Data Corporation

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First Data Corporation issued Common Stock

Insider Transactions
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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 onFirst Data Corporation issued Class A Voting Common Stock

Legal Advisor

Advised onFirst Data Corporation issued Common Stock

Legal Advisor

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

Advisors & Consultants
Advisor

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

Advisor

In-House Counsel at Paycom Software, Inc.

Real Estate Agent

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

Clients

KeyCorp operates as bank holding company. It operates through its subsidiary, KeyBank National Association provides retail and commercial banking, commercial leasing, investment management, consumer finance and investment banking products and services to individual, corporate and institutional clients. The company operates through the following business segments: Key Community Bank and Key Corporate Bank. The Key Community Bank segment serves individuals and small to mid-sized businesses by offering a variety of deposit, investment, lending, and personalized wealth management products and services. The Key Corporate Bank segment focuses on serving the needs of middle market clients in six industry sectors: consumer, energy, healthcare, industrial, public sector and real estate. Key Corporate Bank delivers a broad product suite of banking and capital markets products to its clients, including syndicated finance, debt and equity capital markets, commercial payments, equipment finance, commercial mortgage banking, derivatives, foreign exchange, financial advisory and public finance. KeyCorp was founded in 1958 and is headquartered in Cleveland, OH.

PayPal Holdings, Inc. engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. It manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions. The company was founded in December 1998 and is headquartered in San Jose, CA.

Wells Fargo & Co. is a diversified, community-based financial services company. It is engaged in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance. The firm operates through the following segments: Community Banking, Wholesale Banking, Wealth & Investment Management, and Other. The Community Banking segment offers complete line of diversified financial products and services for consumers and small businesses including checking and savings accounts, credit and debit cards, and automobile, student, and small business lending. The Wholesale Banking segment provides financial solutions to businesses across the United States and globally. The Wealth and Investment Management segment includes personalized wealth management, investment and retirement products and services to clients across U.S. based businesses. The Other segment refers to the products of WIM customers served through community banking distribution channels. The company was founded by Henry Wells and William G. Fargo on March 18, 1852 and is headquartered in San Francisco, CA.

Key Stats and Financials As of 2017
Market Capitalization
$17.2B
Total Enterprise Value
$37.3B
Earnings Per Share
$1.56
Revenue
$12.1B
Net Profit
$1.46B
EBITDA
$2.81B
Total Debt
$19.2B
Total Equity
$6.09B
EBITDAMargin
23.31%
Enterprise Value Sales
3.1x
Enterprise Value EBITDAOperating
13.29x
TEVNet Income
25.49x
Debt TEV
0.51x
Three Year Compounded Annual Growth Rate Of Revenue
2.62%
Five Year Compounded Annual Growth Rate Of Revenue
2.45%
Non-Profit Donations & Grants
Political Donations
Investments
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CareCloud Corp. provides cloud-based healthcare information technology solutions. It offers revenue cycle management, practice management, electronic health records, patient engagement, healthcare analytics and mobile applications. The company was founded by Alberto C. Santalo in 2009 and is headquartered in Miami, FL.

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Software Aspects, Inc. provides secure commerce solutions. It specializes in the development, certification, and deployment of secure commerce solutions. The firms software products include Commerce Lab, and Commerce Marketplace unites software companies, service providers and distribution channels in a private-labeled end-to-end network delivering access to commerce services. The company was founded by Alfred Kahn IV and David S. Johnson in 2005 and is headquartered in Denver, CO.

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Resy Network, Inc. develops an online mobile application for restaurants reservations. It builds operations software for the modern restaurant, using technology to redefine hospitality. The company was founded by Benjamin Leventhal, Gary Vaynerchuk, and Michael Montero in 2014 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, Ravikrishna Cherukuri, Vikas Deolaliker, and Meenakshi Singh on June 3, 2004 and is headquartered in Sunnyvale, 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. Computer Software | San Francisco, 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 City, CA

Oracle Corp. engages in the provision of products and services in the field of information technology. It operates through the following segments: Cloud and License, Hardware, and Services. The Cloud and License segment markets, sells, and delivers applications, platform, and infrastructure technologies. The Hardware segment comprises of hardware products and hardware-related software products including Oracle Engineered Systems, servers, storage, industry-specific hardware, virtualization software, operating systems, management software, and related hardware services including hardware support. The Services segment comprises of consulting services, advanced support services, and education services. The company was founded on June 16, 1977 by Lawrence Joseph Ellison, Robert Nimrod Miner, and Edward A. Oates and is headquartered in Redwood City, CA.

MasterCard, Inc. Retail & Commercial Banking - 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