April 2, 2009
Fidelity National Information Services, Inc. agrees to acquire Metavante Technologies, Inc. -- Willkie advises Warburg Pincus, which owns 25 percent of Metavante.
On April 1, it was announced that Fidelity National Information Services, Inc. has agreed to acquire Metavante Technologies, Inc. for approximately $2.94 billion in stock. Willkie advised Warburg Pincus, which owns 25 percent of Metavante, in the transaction. The merger is expected to create the world’s largest integrated payment and financial processing services company, with a pro forma enterprise value of approximately $10 billion. Fidelity National, a Fortune 500 company headquartered in Jacksonville, Fl., is a leading provider of core processing for financial institutions, serving more than 14,000 financial institutions in more than 90 countries. Milwaukee-based Metavante delivers banking and payments technologies to approximately 8,000 financial services firms and businesses worldwide. The deal was handled by partners Steven Gartner, Robert Langdon and Christopher Peters; and associates Christopher Freeland, Andrew Mariniello and Ann Harrington.
