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Fiserv to Sell Majority Interest in Its Lending Solutions Business to Warburg Pincus

FISERV (FISV)  More Company Research Source: Business Wire
Last fiserv earnings: 5/1 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.fiserv.com
PDF Newly formed joint venture will leverage the capabilities of world-class organizations to create compelling value proposition for lending marketplace BROOKFIELD, Wis. & NEW YORK--(BUSINESS WIRE)-- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced it has entered into a definitive agreement with Warburg Pincus LLC, a leading global private equity firm focused on growth investing, pursuant to which funds affiliated with Warburg Pincus will acquire a 55 percent share of the Lending Solutions business of Fiserv. Fiserv will receive approximately $395 million in net after-tax proceeds and retain a 45 percent equity interest in the business. The joint venture will include all of the automotive loan origination and servicing products and related operations of Fiserv, as well as its LoanServ™ mortgage and consumer loan servicing platfor [Read more]

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