"First Data Corporation spun off from American Express and went public in 1992. . . . In April 2013, First Data's Board of Directors announced that former JPMorgan Chase Co-COO Frank Bisignano had been named Chief Executive Officer of the company. In March 2014, Bisignano assumed the role of Chairman.[33] Upon taking office, Bisignano launched an equity ownership plan for all 24,000 of First Data owner-associates.[34]"
Lehman Brothers returns in deal that led to First Data IPO - Reuters https://www.reuters.com/.../us-firstdata-ipo-lehman-idUSKCN0SG21420151022 - Cached Oct 22, 2015 ... WILMINGTON, Del (Reuters) - First Data Corp’s Chief Executive Officer Frank Bisignano hailed a $3.5 billion fund-raising in July 2014 for drawing a “who’s who in equity investing” and paving the way for the payment processor’s huge IPO last week. ... The 2014 deal included ...
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KKR Close to Concessions on First Data Deal: Report - CNBC.com https://www.cnbc.com/id/20685775 - Cached 10 Sep 2007 ... Credit Suisse and Citigroup are the leaders in arranging First Data's $16 billion loan. Other banks on the deal include Deutsche Bank , HSBC , Lehman Brothers , Goldman Sachs and Merrill Lynch. A KKR concession also shows how strained relations between Wall Street banks and large buyout firms have ...
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Look at docket 21254 and review the executory contracts that LBHI assumed. I seen a $14 Billion loan from LBHI to First Data!
***Docket 44
"DISCLOSURE STATEMENT FOR JOINT CHAPTER 11 PLAN OF LEHMAN BROTHERS U.K. HOLDINGS (DELAWARE) INC. AND LEHMAN PASS-THROUGH SECURITIES INC.
17-12442-scc Doc 44 Filed 01/12/18 Entered 01/12/18 15:15:04 Main Document
Following the commencement of the LBHI Debtors’ cases, LUK and LPTSI’s balance sheets were incorporated into the balance sheets filed on the docket of the LBHI Debtors’ chapter 11 cases. As disclosed in publicly filed balance sheets and cash-flow forecasts, the LBHI Debtors and the entities controlled by them (the “Debtor-Controlled Entities”) have a variety of complex assets with a range of durations, including certain assets with restrictions on transferability or that are highly illiquid. . . . Ultimately, after several months of arms-length negotiations with Brookfield Asset Management Inc., a global alternative asset-management company (“BAM”) and certain of its affiliates, the Plan Administrator and the BAM parties agreed on a transaction, which included certain elements of the reorganizations described above together with a planned restructuring in these chapter 11 cases. . . . Currently, the business of each of LUK and LPTSI consists of managing a portfolio of global assets. They each employ two employees and operate out of LBHI’s corporate offices. LUK’s principal assets are debt and equity positions and include: (i) claims against certain noncontrolled foreign affiliates of the LBHI Debtors; (ii) an equity investment in New Omaha Holdings L.P., a Delaware limited partnership that holds Class B Common Stock in First Data Corporation; and (iii) claims against LBHI and certain other LBHI Debtors."
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