GTCR enters FIS merchant business deal

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Business & FinanceDeals

Reuters was first to report on Monday that private equity firm GTCR LLC was in advanced talks to acquire a majority stake in the merchant business of payment processing company Fidelity National Information Services in a deal that values the division at between $15 billion and $20 billion. The deal would be the largest in GTCR’s history and would enable FIS to undo its $43 billion acquisition of WorldPay, which it completed four years ago. WorldPay now comprises the bulk of the FIS merchant business. The deal was announced today, confirming Reuters reporting.

Market Impact

FIS shares closed 6% higher at $58, valuing the company at $34 billion.

Article Tags

Topics of Interest: Business & FinanceDeals

Type: Reuters Best

Sectors: Business & Finance

Regions: Americas

Countries: United States

Win Types: Speed

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story



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