GTCR is to acquire a majority stake in Worldpay, a global provider of payment processing solutions, from FIS® (NYSE: FIS), a global leader in financial services technology.
GTCR will acquire 55% of Worldpay, and FIS will retain the remaining 45%, in a transaction that values the business at $18.5 billion. As part of the agreement, GTCR has committed an additional equity capital investment in Worldpay of up to $1.25 billion to enable accelerated growth through innovation and strategic acquisitions.
GTCR will acquire 55% of Worldpay, and FIS will retain the remaining 45%, in a transaction that values the business at $18.5 billion. As part of the agreement, GTCR has committed an additional equity capital investment in Worldpay of up to $1.25 billion to enable accelerated growth through innovation and strategic acquisitions. The transaction is expected to close by Q1 2024 following the receipt of regulatory approvals and contractual consents.
Worldpay and FIS will continue to work in partnership on a commercial basis to serve customers and deliver innovative solutions into the marketplace. Charles Drucker, the former Executive Chairman and Chief Executive Officer of Worldpay, will become CEO of the standalone Worldpay business upon close.
Worldpay is a global provider of payments technology and solutions that enable merchants to accept and process in-store, online and mobile electronic payments. The business processes more than $2 trillion of transaction volume per year for over one million merchant locations, including blue-chip customers, across industries such as retail, technology, media, travel, online gaming and financial services. expertise.
FinSMEs
07/07/2023