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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

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