About This Deal

FISERV INC acquired PCLender, LLC, a transaction completed in July 2017, structured as Asset acquisition completed July 31, 2017; one of four 2017 acquisitions (with Online Banking Solutions, Dovetail and Monitise) acquired for an aggregate purchase price of $383 million, net of $33 million of acquired cash, plus earn-out provisions with an estimated fair value of $15 million; individual price not disclosed..

PCLender, LLC operates in Financial Institution Services, is based in United States. PCLender is a provider of next-generation, internet-based mortgage software and mortgage lending technology solutions. Fiserv acquired PCLender's assets on July 31, 2017, strengthening its lending solutions for banks and credit unions.

Added modern, internet-based mortgage origination and lending technology to help Fiserv's bank and credit union clients better serve their mortgage customers.

Deal Terms

Acquirer
FISERV INC
Target
PCLender, LLC
Value
Not disclosed
Date
July 2017
Type
Acquisition
Status
Ready

Transaction Details

Target HQ
United States
Segment
Financial Institution Services
Structure
Asset acquisition completed July 31, 2017; one of four 2017 acquisitions (with Online Banking Solutions, Dovetail and Monitise) acquired for an aggregate purchase price of $383 million, net of $33 million of acquired cash, plus earn-out provisions with an estimated fair value of $15 million; individual price not disclosed.
Closed
July 31, 2017

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: SEC filing ↗

See how Top Bucket AI works for your firm

Request Demo
Top Bucket AI Research

Stay ahead of private markets

Research and market intelligence for private-markets professionals.

✓

You're subscribed.

Thanks for signing up.