Global Payments to acquire Worldpay for $24.25B of cash, stock

GTCR announced the signing of a definitive agreement to sell Worldpay to Global Payments (GPN) for $24.25B as part of a transformative three-way transaction. In July 2023, GTCR signed a definitive agreement to acquire a 55% majority stake in Worldpay from FIS (FIS). FIS retained the remaining 45% as part of the transaction. Under the terms of the sale agreement, Global Payments will acquire Worldpay from GTCR and FIS for $24.25B of cash and stock, while FIS will acquire Global Payments’ Issuer Solutions business, at an enterprise value of $13.5B. As part of the Worldpay transaction, GTCR will receive 59% cash and 41% stock consideration and will continue to support the combined business through a successful integration and future growth. Upon closing, GTCR will own shares representing 15% of Global Payments’ outstanding shares. The sale of Worldpay is expected to close in the first half of 2026, subject to regulatory approvals and customary closing conditions. The sale of Worldpay and the sale of Global Payments’ Issuer Solutions business are cross-conditioned upon one another and will close at the same time.