Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
D + H Completes Acquisition Of Harland Financial Solutions
TORONTO (8/20/13)--Davis + Henderson (D+H) has completed its $1.2-billion acquisition of Harland Financial Solutions.

"The enthusiastic support received in the capital markets and in our client markets since we announced the transaction is much appreciated and reflects the clear value creation potential of this transformational acquisition," said Gerrard Schmid, CEO of D+H.

The all-cash transaction was funded through subscription receipts and extendible convertible unsecured subordinated debentures for gross proceeds of $690.2 million and from borrowings under a new credit facility.

The two companies have a combined client base of 6,200 financial institution customers.
Harland Financial Solutions is a subsidiary of Harland Clarke Holdings Corp. The subsidiary sold is not the same organization as Harland Clarke. Corp., the check printers, which is a CUNA Strategic Services provider.


RSS print
News Now LiveWire
Bank ATM fees continue to climb. Credit unions? Not so much. #NewsNow http://t.co/7nfcqusVuM
9 minutes ago
NCUA 2day liquidated Republic Hose Employees FCU,Youngstown,Ohio, after determining the CU was insolvent w/no prospect for viable operations
21 minutes ago
MO #creditunions @BankOnMo with SUV contest See #NewsNow http://t.co/dMnnADr3CO
33 minutes ago
Breaking at #NewsNow: Matz to request revised RBC proposal, new comment period http://t.co/eLtYmzXRWn
17 hours ago
#NewsNow: Oct. 22 webinar will explore role of CDFI #creditunions. http://t.co/op1GV4mrYM
20 hours ago