Deal Thoughts – First Data Acquires CardConnect
Earlier today, First Data, a global leader in payment processing announced that it had entered into an agreement to acquire CardConnect, an innovative provider of payment processing technology for $750,000,000. This transaction comes less than ten months after CardConnect’s acquisition by FinTech Acquisition Corp., a Special Purpose Acquisition Company (SPAC), for $438,000,000, which took CardConnect public in August of 2016.
