Fiserv in $501m insurance information technology sale to Stone Point
Fiserv, the US information technology provider to the financial and insurance services industry, said that it has sold a 51% shares in its insurance division to private equity firm Stone Point for $501m.
Stone Point - through the vehicle Trident IV - will invest around $205m in equity and $335m in debt to acquire the share of the business. Fiserve will retain a 49% equity interest in Fiserv Insurance
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