Global Payments Inc. provides electronic transaction processing, information systems, and services. The Company serves the financial, corporate, government, and merchant communities worldwide. Global Payments offers funds transfer, merchant banking, accounting, Internet, and other services.
On Thursday, private equity firm GTCR announced a significant agreement to sell Worldpay, a merchant acquiring and payments processing company, to Global Payments Inc. (GPN) as part of a transformative three-way transaction.
In 2023, GTCR acquired a 55 percent stake in Worldpay from Fidelity National Information Services, Inc. (FIS), which retained a 45 percent ownership. The current deal involves Global Payments purchasing Worldpay from both GTCR and FIS for a total of $24.25 billion, structured as a combination of cash and stock.
GTCR will receive 59 percent of the consideration in cash and 41 percent in stock. Following the transaction's completion, GTCR is set to own shares that represent 15 percent of Global Payments' outstanding shares.
In a parallel move, FIS will acquire Global Payments' Issuer Solutions business, valued at $13.5 billion. The completion of both the Worldpay sale and the acquisition of the Issuer Solutions business are interdependent and are expected to finalize in the first half of 2026.
As of the latest trading data, FIS's stock is priced at $68, reflecting a decrease of 0.93 percent, while Global Payments' shares are trading at $80.57, down 4.22 percent on the New York Stock Exchange.
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