As 2023 wraps up and a new year dawns, acquirers are targets for acquirers. Europe has proven to be fertile ground for deal-making (though other markets beckon too). And while the most recent headlines swirl around Worldline, reportedly in the crosshairs of private equity (PE)...
The CE 100 Index lost 1.1% in a shortened holiday week, with payments-focused names declining. Only two segments gained ground through the four trading sessions that ended Friday, as the Shop vertical was up 1.5%. And in that segment, Vroom shares rallied 23.6%, though no...
GTCR’s acquisition of Worldpay is reportedly set to be the largest buyout financing since last year’s Twitter deal. Banks are preparing $9.4 billion of debt, including loans and bonds in dollars and euros, to back the private equity firm’s purchase of a 55% stake in the payment processor, Bloomberg...
FIS is selling its majority stake in Worldpay to private equity group GTCR for $18.5 billion. The payments company announced the sale Thursday (July 6), days after reports that GTCR and Advent International, a buyouts firm, were vying to pick up a majority stake in Worldpay, the merchant services business of FIS. “This transaction...
July 10, 2023
The CE 100 Index lost 1.1% in a shortened holiday week, with payments-focused names declining. Only two segments gained ground through the four trading sessions that ended Friday, as the Shop vertical was up 1.5%. And in that segment, Vroom shares rallied 23.6%, though no company-specific headlines or events crossed the wires. The Move segment […]
February 01, 2024
Payments technology firm Worldpay has begun life as an independent business. The company announced Thursday (Feb. 1) that former owner FIS had finalized the sale of Worldpay to private equity firm GTCR, which owns 55% of the business. “As an independent company, Worldpay is committed to bringing greater levels of value, innovation and service to clients through increased investment in product development, […]
July 07, 2023
GTCR’s acquisition of Worldpay is reportedly set to be the largest buyout financing since last year’s Twitter deal. Banks are preparing $9.4 billion of debt, including loans and bonds in dollars and...
July 06, 2023
FIS is selling its majority stake in Worldpay to private equity group GTCR for $18.5 billion. The payments company announced the sale Thursday (July 6), days after reports that GTCR and Advent International, a buyouts firm, were vying...
July 04, 2023
GTCR is reportedly in advanced discussions to purchase a majority of FIS’ merchant business. The offer by the Chicago-based private equity group would value the payments processing company’s merchant’s division at...
