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Fifth Third, Advent complete processing JV (from Corporate Dealmaker)

Fifth Third Bancorp  (NASDAQ:FITB) and the private equity firm Advent International Corp. have completed their $2.35 billion processing joint venture. As The Deal Pipeline subscribers learned in March, Advent agreed to acquire 51% of the Cincinnati bank's payment processing division for $561 million in cash. Fifth Third loaned $1.25 billion...

Posted on July 1, 2009 10:22 AM

Expedia acquires Europe's Venere.com (from Corporate Dealmaker)

Online travel booking site Expedia Inc. inked a deal to acquire Rome-based Venere Net SpA, the only travel site to focus exclusively on hotel reservations. TheDeal.com in May reported a target price between €300 million and €350 million ($464 million and $541 million). The article noted that Venere.com has grown...

Posted on July 15, 2008 8:59 AM