FIS Enters Agreement For GTCR To Acquire Majority Stake In Worldpay At $18.5B Valuation
Portfolio Pulse from Benzinga Newsdesk
FIS has entered an agreement for GTCR to acquire a majority stake in Worldpay at a valuation of $18.5 billion. FIS will retain 45% ownership in Worldpay, and GTCR has committed to invest up to $1.25 billion in additional growth capital to accelerate Worldpay's growth strategy.
July 06, 2023 | 10:56 am
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FIS is selling a majority stake in Worldpay to GTCR but will retain 45% ownership. This could potentially free up capital for FIS while still allowing it to benefit from Worldpay's future growth.
The sale of a majority stake in Worldpay could potentially free up capital for FIS, which could be used for other strategic investments or to strengthen its balance sheet. However, by retaining a 45% stake, FIS still stands to benefit from Worldpay's future growth, especially with GTCR's commitment to invest $1.25 billion in growth capital. This could potentially have a neutral to positive impact on FIS's stock in the short term, depending on how the market perceives the deal.
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