GTCR Completes Sale of Worldpay to Global Payments
Get Alerts GPN Hot Sheet
Join SI Premium – FREE
In
GTCR acquired a majority stake in Worldpay in
"Our partnership with CEO
"The closing of this transaction marks an important milestone as Worldpay joins Global Payments, advancing a shared commitment to innovation across the combined business," said Drucker. "Working in close collaborative partnership with GTCR and through the tremendous efforts of our talented Worldpay colleagues, we were able to significantly expand our global processing capabilities and bring new payment innovations to market. These collective efforts have strengthened Worldpay's competitive position, accelerated growth, and created a differentiated platform for continued success in the marketplace. I'm immensely proud of all that we have accomplished together."
"We have tremendous confidence in the future of the combined business, including its ability to compete and deliver value in the payments and payment technology market," said
"Today's closing represents the tireless work of many parties, including Worldpay's leadership team, FIS, and Global Payments," added KJ McConnell, Managing Director at GTCR. "This complex carveout and successful transformation of Worldpay over the past two years underscores GTCR's longstanding track record in the payments industry and our ability to execute complex corporate separations to unlock meaningful, lasting value for stakeholders. This transaction is a powerful example of our Leaders Strategy™ in action – identifying exceptional opportunities and working in partnership with management to drive transformative growth."
Wells Fargo and Morgan Stanley & Co. LLC acted as financial advisors to Worldpay. Kirkland & Ellis LLP provided legal counsel, and Axinn, Veltrop & Harkrider LLP and Paul Hastings LLP served as regulatory counsel.
About GTCR
Founded in 1980, GTCR is a leading private equity firm that invests behind The Leaders Strategy™ – finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through organic growth and strategic acquisitions. GTCR is focused on investing in transformative growth in companies in the Business & Consumer Services, Financial Services & Technology, Healthcare and Technology, Media & Telecommunications sectors. Since its inception, GTCR has invested more than
About Worldpay
Worldpay is an industry leading payments technology and solutions company with unique capabilities to power omni-commerce across the globe. Our processing solutions allow businesses of all sizes to take, make and manage payments in-person and online from anywhere in the world. Annually, we process over 55 billion transactions across 174 countries and 138 currencies. We help our customers become more efficient, more secure and more successful. To learn more, visit worldpay.com or follow us on LinkedIn, Instagram, X, and or Facebook.
GTCR Media Contact
Josh
View original content to download multimedia:https://www.prnewswire.com/news-releases/gtcr-completes-sale-of-worldpay-to-global-payments-302658108.html
SOURCE GTCR
Create E-mail Alert Related Categories
PRNewswire, Press ReleasesRelated Entities
Morgan Stanley, GTCR, Wells Fargo, Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share