GTCR Announces Sale of Worldpay to Global Payments for $24.25 Billion

Whats Happening:

GTCR, a leading private equity fund, has announced the sale of Worldpay, a global leader in merchant acquiring and payments processing, to Global Payments for $24.25 billion. The transaction is part of a three-way deal that includes FIS selling its remaining 45% stake in Worldpay. GTCR will receive 59% cash and 41% stock consideration, retaining a 15% ownership in Global Payments post-closing.

Key Moves:

• GTCR sells Worldpay to Global Payments for $24.25 billion in cash and stock

• Transaction is part of a three-way deal involving FIS

• GTCR to retain 15% ownership in Global Payments post-closing

By The Numbers:

• Deal valued at $24.25 billion

• GTCR to receive 59% cash and 41% stock consideration

• GTCR will own 15% of Global Payments' outstanding shares post-closing

Key Quotes:

• "Our collaboration with Charles and the team at Worldpay highlights the essence of a Leaders Strategy™ partnership—combining visionary leadership with a transformational value creation plan while managing the complexities of a corporate carve-out," said Collin Roche, GTCR Co-CEO and Managing Director.

• "We are confident that the combination of Global Payments and Worldpay will be well-positioned to deliver innovative solutions to its customers and drive value for all stakeholders," added Aaron Cohen, Managing Director and Head of Financial Services & Technology at GTCR.

Bottom Line:

GTCR's sale of Worldpay to Global Payments for $24.25 billion marks a successful exit after two years of ownership. The deal showcases GTCR's ability to execute complex transactions and create value through its Leaders Strategy™ approach. By retaining a 15% stake in Global Payments, GTCR demonstrates continued confidence in the combined entity's future growth potential.

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