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  • 8.12.15 Fidelity To Buy SunGard For 9.1B

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    Fidelity National Information Services, Inc. will acquire SunGard for $9.1 billion in a cash and stock deal. Fidelity provides banking and payments technology and outsourcing solutions, while SunGard is a financial services IT and software provider. The acquisition will complement Fidelity's existing business of providing technology services to financial firms. Together the companies will have over $9.2 billion in annual revenue and 55,000 employees.

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    8.12.15 Fidelity to Buy SunGard for 9.1B

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    Fidelity National Information Services, Inc. will acquire SunGard for $9.1 billion in a cash and stock deal. Fidelity provides banking and payments technology and outsourcing solutions, while SunGard is a financial services IT and software provider. The acquisition will complement Fidelity's existing business of providing technology services to financial firms. Together the companies will have over $9.2 billion in annual revenue and 55,000 employees.

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    © All Rights Reserved
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    29 views1 page

    8.12.15 Fidelity To Buy SunGard For 9.1B

    Uploaded by

    SZ
    Fidelity National Information Services, Inc. will acquire SunGard for $9.1 billion in a cash and stock deal. Fidelity provides banking and payments technology and outsourcing solutions, while SunGard is a financial services IT and software provider. The acquisition will complement Fidelity's existing business of providing technology services to financial firms. Together the companies will have over $9.2 billion in annual revenue and 55,000 employees.

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    © All Rights Reserved
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    of 1

    DealoftheWeek:FidelitytoBuySunGardfor$9.

    1B
    AnnouncementDate

    August12,2015

    Acquirer
    AcquirerDescription

    FidelityNationalInformationServices,Inc.(NYSE:FIS)
    Providesbankingandpaymentstechnology,consulting,and
    outsourcingsolutionsworldwide
    Foundedin1968andheadquarteredinJacksonville,Florida
    MktCap:$19.8billion
    LTMEBITDA:$1.6billion
    EV:$24.5billion
    LTMEV/Revenue:3.8x
    LTMRevenue:$6.4billion
    LTMEV/EBITDA:15.2x
    SunGard
    Financialservicesinformationtechnologyandsoftwareprovider
    HeadquarteredinWayne,PA
    Price:$9.1billion
    Consideration:Cash&Stock
    BankofAmericaMerrillLynch,CenterviewPartners
    GoldmanSachs,JPMorganChase,Barclays,DeutscheBank,Credit
    Suisse
    TheSunGardacquisitionisexpectedtocomplementFidelityNational
    InformationServicesbusinessofprovidingbankingandpayment
    technologyservicestothefinancialservicesindustry
    Sevenfirms(BainCapital,Blackstone,thePEdivisionofGoldman
    Sachs,KKR,ProvidenceEquityPartners,SilverLakeandTPGCapital)
    teameduptobuySunGard,payinga44%premiumforthecompanyin
    2005andtheywilllikelyrealizeareturnof1.52.0xtheirequity
    investments
    Considerationincludes$2.8billionworthofstock,$2.3billionincash
    andtheassumptionofSunGards$4billionindebt
    SunGardpostedannualrevenueof$2.8billionin2014andhasmore
    than13,000employees
    Thecombinedcompanywouldhavemorethan$9.2billioninannual
    revenueandmorethan55,000employees
    Theprivateequityinvestorswereabletouseanumberofcorporate
    financetacticstobolstertheirreturnsontheSunGarddealfor
    example,theytookoutabout$700millionindividendsandtheybroke
    SunGardintoparts,bothtoraisemoneyandtomaketheresulting
    operationmoreattractivetopotentialbuyers

    Price/Consideration
    AcquirerAdvisors
    TargetAdvisors

    Rationale

    AcquirerFinancial
    Statistics
    TargetCompany
    TargetDescription

    DealPoints

    OfNote

    info@pillarsofwallstreet.com

    www.pillarsofwallstreet.com

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