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The seven billion dollar man

12 July 2007 Be the first to comment

Paul Penrose

Head of Research

Finextra

Kohlberg Kravis Roberts has tapped Michael Capellas to take over as CEO of First Data when its $7 billion buy out goes through later this year.

Capellas made his name as a corporate turnaround artist, first at Compaq and then at MCI. On both occassions he served a short stint in the top seat, savaged costs and sold on the companies for a hefty fee.

Is this what KKR has in mind for First Data?

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Finextra50 fintech index

The Finextra50 Financial Technology Index is a free-float value weighted index of the world's leading companies that provide technology-based products and services to the financial services industry. It was set at an indexed value of 100 at market close on Friday 4th May 2007. This is a community for discussing the index, its movements and wider M and A activity in the fintech world.

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Paul Penrose

Head of Research

Finextra

Member since

06 Oct 2006

Location

London

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