First Data Corporation

First Data Corporation

First Data Corporation

Overview
Date Founded

1971

Headquarters

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

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 Control Officer

Senior Vice President, Corporate Controller & Chief Accounting Officer

Executive Vice President, Head of Global Business Solutions

Executive Vice President & Head of Global Financial 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

Member at Symphony Teleca Corp.

Advisor at Cantor Fitzgerald LP

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

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Owners & Shareholders
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Glenview Capital Management (GCM) manages the Glenview Funds, the Opportunity Funds, the GCM Equity Funds, and the Little Arbor Funds. The Glenview Funds employ a long/short strategy that invests in equity and fixed income securities using a bottom-up, fundamental research process. The Glenview Funds have position size and gross exposure guidelines. The Opportunity Funds employ a purely opportunistic investment approach, and have no limits as to the number or size of positions, security types or industry concentration. The GCM Equity Funds employ a long-only strategy that invests in the equity securities of companies with market-cap greater than $10 billion. The GCM Equity Funds are limited life funds that are being offered to existing investors and their affiliates in the Glenview Funds and the Opportunity Funds. The GCM Equity Funds have position size and exposure guidelines and do not expect to incur leverage in order to enhance investments. GCM also manages GCM Investment Partners LP, a private fund that is open to qualified employees of GCM and certain other persons. The Fund allocates its capital to individual funds in the Glenview Fund family and the Opportunity Fund family.^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. GCM also engages in long and short credit positions with emphasis on business or asset stability over growth. GCM 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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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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Stone Point Capital invests globally in the financial services sector. They focus on the following industries within the financial services sector: (1) banks and depository institutions (2) outsourcing service providers to financial institutions (3) specialty lending and other credit opportunities (4) mortgage services (5) asset management (6) insurance underwriting (7) insurance distribution and (8) employee benefits and healthcare.Equity investments generally range from $50 million to $400 million, but the firm has the ability to make significantly larger investments. Stone Point Capital typically seeks control or substantial minority positions in their portfolio companies, with board representation and customary shareholder rights.

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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Asure Software, Inc. purchases Pay Systems of America, Inc. from First Data Corporation

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First Data Corporation purchases Blackhawk Processing LLC from TA Associates Management, L.P.

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 onKohlberg Kravis Roberts & Co. LP purchases First Data Corporation

Legal Advisor

Advised onFirst Data Corporation purchases CardConnect Corp.

Legal Advisor

Advised onFirst Data Corporation issued Class A Voting Common Stock

Advisors & Consultants
Advisor

Head of Investment Management at Morgan Stanley

Legal Advisor

Partner at Schulte Roth & Zabel LLP

Advisor

In-House Counsel at Paycom Software, Inc.

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
$22.4B
Total Enterprise Value
$37.3B
Earnings Per Share
$1.56
Revenue
$12.1B
Net Profit
$1.46B
Total Debt
$19.2B
Total Equity
$6.09B
EBITDAMargin
23.31%
EBITDA
$2.81B
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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Stone Point Capital invests globally in the financial services sector. They focus on the following industries within the financial services sector: (1) banks and depository institutions (2) outsourcing service providers to financial institutions (3) specialty lending and other credit opportunities (4) mortgage services (5) asset management (6) insurance underwriting (7) insurance distribution and (8) employee benefits and healthcare.Equity investments generally range from $50 million to $400 million, but the firm has the ability to make significantly larger investments. Stone Point Capital typically seeks control or substantial minority positions in their portfolio companies, with board representation and customary shareholder rights.

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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.

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. Consumer Finance | 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
JPMorgan Chase & Co. Retail & Commercial Banking - San Francisco, CA

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

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. 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

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