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New Deal


Announced

First Data and FLEETCOR offered to form a joint venture.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Failed

Friendly

Joint Venture

gift cards

Digital Services

promotional items and gifts

United States

Single Bidder

Majority

Private

Private Equity

Synopsis

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Gift card business Joint Venture of First Data, a provider of commerce-enabling technology, and FLEETCOR Technologies, a provider of commercial payment solutions, failed to complete. No termination fees will be payable by either company in connection with the termination of the joint venture agreement. “We’re going to explore some other ways to partner with First Data, while also revisiting our growth plans for an independent SVS,” Ron Clarke, FLEETCOR Chairman and CEO.

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