Fiserv Completes Sale of Majority Interest in Investment Services Business to Motive Partners
February 19 2020 - 8:53AM
Business Wire
Fiserv, Inc. (NASDAQ: FISV), a global provider of payments and
financial services technology solutions, today announced the
completion of its previously announced transaction with Motive
Partners, under which Motive Partners-led investors have acquired a
60% stake in the Investment Services Business of Fiserv. Fiserv
received approximately $510 million in net after-tax proceeds and
retained a 40% equity interest in the business.
About Motive Partners
Motive Partners is a specialist private equity firm with offices
in New York City and London, focusing on technology-enabled
business and financial services companies serving four core
customer segments: banking & payments, capital markets, asset
management and insurance. Motive Partners brings differentiated
expertise, connectivity and capabilities to create long-term value
in financial technology companies. More information on Motive
Partners can be found at www.motivepartners.com.
About Fiserv
Fiserv, Inc. (NASDAQ: FISV) aspires to move money and
information in a way that moves the world. As a global leader in
payments and financial technology, the company helps clients
achieve best-in-class results through a commitment to innovation
and excellence in areas including account processing and digital
banking solutions; card issuer processing and network services;
payments; e-commerce; merchant acquiring and processing; and the
Clover® cloud-based point-of-sale solution. Fiserv is a member of
the S&P 500® Index and the FORTUNE® 500 and is among FORTUNE
World’s Most Admired Companies®. Visit fiserv.com and follow on
social media for more information and the latest company news.
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version on businesswire.com: https://www.businesswire.com/news/home/20200219005546/en/
Media Relations: Britt Zarling Vice President, Corporate
Communications Fiserv, Inc. +1 414-378-4040
britt.zarling@fiserv.com Sam Tidswell-Norrish Communications Motive
Partners +1 212-651-0200 sam@motivepartners.com Investor
Relations: Peter Poillon Investor Relations Fiserv, Inc. +1
212-266-3565 peter.poillon@fiserv.com
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