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In July, private equity firm GTCR agreed to acquire a 55 percent stake in WorldPay from FIS for $11.7 billion, valuing WorldPay at $18.5 billion. [30] [31] In February 2024, Worldpay was separated from Fidelity National Information Services (FIS) to become an independent company once again. [32] Today it is co-owned by GTCR (55%) and FIS (44%).
In February 2023, just months after Ferris became CEO, FIS announced plans to spin off WorldPay. It launched a sales process that April and had a buyer for WorldPay signed by July, she said.
Reuters was first to report on Monday that GTCR was in advanced talks to buy a majority stake in Worldpay. Buyout firm GTCR picks up majority stake valuing FIS unit Worldpay at $18.5 billion Skip ...
Worldpay Group plc (formerly RBS WorldPay) was a payment processing company. It was formerly listed on the London Stock Exchange until 16 January 2018 when it was acquired by Vantiv . The combined company then took the name Worldpay, Inc. Worldpay, Inc. was acquired by FIS in July 2019 for $43 billion. [ 3 ]
FIS, based in Jacksonville, Florida, said at the time it would pursue a tax-free spin-off of its merchant business and disclosed a $17.6 billion write-down related to its Worldpay acquisition.
In July 2023, FIS agreed to sell a 55 percent stake in WorldPay to private equity firm GTCR for $11.7 billion, valuing WorldPay at $18.5 billion. [37] On February 1, 2024, the company announced it had competed the sale of a majority stake in its Worldpay Merchant Solutions business to GTCR in a transaction that valued the deal at US$18.5 ...
Payment service provider Worldpay has changed hands again in a deal worth $43 billion, including debt. Fidelity National Information Services Inc.The post FIS acquires Worldpay for $35 billion in ...
First Data Corporation is a financial services company headquartered in Atlanta, Georgia, United States.The company's STAR Network provides nationwide domestic debit acceptance at more than 2 million retail POS, ATM, and at online outlets for nearly a third of all U.S. debit cards.