Fried Frank acted as counsel to Evercore as financial advisor to the independent directors of First Data Corporation in the company's US$22 billion merger with Fiserv. First Data is a commerce- enabling technology company. Fiserv is a financial services technology company. The merger will create one of the world's leading payments and financial technology providers. The transaction, which is expected to close during the second half of 2019, is subject to customary closing conditions and regulatory approvals, including the approval of shareholders of both companies.
The Fried Frank team was led by corporate partner Philip Richter and included corporate associates Roy Tannenbaum and Asiya M. Ubaid.