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First Data Corporation

First Data Raised $3.5 Billion Private Placement Led By KKR

Marking a year of significant transformation under its new management team, First Data Corporation today announced that First Data Holdings Inc., the direct parent company of First Data, has received commitments to purchase approximately $3.5 billion of its common equity in a private placement.  The net proceeds from the private placement will be used to strengthen the company’s balance sheet ... Read More »

First Data Corporation acquires full ownership of Merchant Solutions

First Data Corporation acquired full ownership of the Merchant Solutions joint venture from Standard Chartered Bank on May 31, 2013. The joint venture was first established in 2007. As part of this agreement, Standard Chartered will continue to work with Merchant Solutions as its sponsoring bank. “The payments landscape is experiencing exciting transformation and significant growth, and taking a 100 ... Read More »