GTCR, a leading private equity firm, has announced that it has signed a definitive agreement to acquire a majority stake in Worldpay, a leading 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 US$18.5 billion. As part of the agreement, GTCR has committed an additional equity capital investment in Worldpay of up to US$1.25 billion to pursue inorganic growth opportunities. Worldpay and FIS will continue to work together closely in partnership on a commercial basis to best serve customers and deliver innovative solutions into the marketplace. Latham & Watkins represented the debt financing sources, as well as FIS on global and regulatory aspects, in connection with the transaction.
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