American Payment Company First Data is Going Public as KKR Exits One of Its Biggest Leveraged Buyouts

American payment-processing bigwig First Data Corporation is going public, almost a decade later after going private, in what was touted to be one of the biggest leveraged buyouts of the time. Bought out by American private equity firm KKR & Co. and its investors in 2007 in a deal valued at $29 billion, it was a mega buyout of the time, just before America’s financial meltdown. The private equity firm which specializes in leveraged buyouts had pursued First Data hard and paid a significant premium for the company’s stock price with an eno ...

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