Tuesday, July 15, 2008

Fiserv Finalizes Sale of Insurance Biz

Fiserv Inc., a provider of information technology services to the financial and insurance industries worldwide, has completed its previously announced transaction with Trident IV, a private equity fund managed by Stone Point Capital LLC, in which Trident has acquired a 51 percent interest in Fiservs insurance business.

Fiserv received approximately $510 million in net after-tax proceeds and retains a 49 percent equity interest in the business.

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