First Data was bought in 2007 for $29 billion by KKR for $34 a share in cash, roughly 25% above its market price before the deal announcement. The Colorado-based company is one of the world's largest payment processors for businesses and financial transactions. To finance the buyout, banks like Citigroup (C - Get Report), Credit Suisse (CS - Get Report), Deutsche Bank (DB - Get Report), HSBC (HBC), Lehman Brothers , Goldman Sachs Group (GS - Get Report), Citigroup (C - Get Report) and Merrill Lynch (BAC - Get Report) offered KKR $14 billion in loans.
9 Biggest Deals Left From the Buyout Boom
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.