Private Equity heads further into insurance investing
Posted by: in Financials and AnalyticalsFiled under: Deals, Financials and analyticals, Private equity industry, Investments, Value and lack thereof, Public or private?
There is a rather interesting deal out there that can be viewed as a glass half-full or glass half-empty depending on whether or not you are from the private equity side or from a public company.
Fiserv Inc. (NASDAQ: FISV) has announced a rather interesting move this morning. It is selling a majority interest in its insurance business operations for some $510 million in equity and debt to Trident IV, a private equity fund managed by Stone Point Capital LLC.
The company has announced that it will turn around and repurchase up to 10 million shares of common stock in a repurchase program.
You can continue reading for the full details, on the fly analysis, and ramifications at 247Wallst.com.
Entries (RSS)