Davis Polk is advising J.P. Morgan Securities LLC as financial adviser to Fiserv, Inc. in connection with its approximately $22 billion acquisition of First Data Corporation. The transaction, which is expected to close during the second half of 2019, is subject to customary closing conditions and regulatory approvals, including the approval of shareholders of both companies.
Fiserv is a provider of technology solutions to the financial world, including banks, credit unions, securities processing organizations, insurance companies, finance companies and mortgage banks. First Data helps companies, from start-ups to the world’s largest corporations, conduct commerce every day by securing and processing more than 3,000 transactions per second and $2.4 trillion per year.
The Davis Polk corporate team includes partner Phillip R. Mills and associates Julian Azran and Brian Russell. All members of the Davis Polk team are based in the New York office.