M&A Deal Summary

GTCR and FIS Global Acquire Worldpay

On July 6, 2023, private equity firm GTCR and FIS Global acquired financial services company Worldpay from FIS Global

Acquisition Highlights
  • This is GTCR’s 10th and FIS Global’s 3rd transaction in the Financial Services sector.
  • This is GTCR’s 131st and FIS Global’s 18th transaction in the United States.
  • This is GTCR’s 13th and FIS Global’s 3rd transaction in Florida.

M&A Deal Summary
Date 2023-07-06
Target Worldpay
Sector Financial Services
Buyer(s) GTCR
FIS Global
Sellers(s) FIS Global
Deal Type Divestiture

Target

Worldpay

Jacksonville, Florida, United States
Worldpay is a provider of payment acceptance services. The company offers a broad suite of payment processing services that enable its clients to meet their payment processing needs through a single provider, including in omnichannel environments that span point-of-sale, e-commerce, and mobile devices. Worldpay was established in 2009 and is headquartered in Jacksonville, Florida.

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Buyer(S) 2

Buyer

GTCR

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1980
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GTCR is a private equity firm that typically partners with management when pursuing acquisitions. The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. GTCR will consider both equity and mezzanine capital commitments and concentrates its investment activity in consumer products & services, healthcare services, outsourced business services, technology, transaction processing, and pharma/medical products. GTCR was formed in 1980 and is based in Chicago, Illinois.

DEAL STATS #
Overall 135 of 142
Sector (Financial Services) 10 of 11
Type (Divestiture) 9 of 12
State (Florida) 13 of 13
Country (United States) 131 of 137
Year (2023) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-14 Stelao

Nashville, Tennessee, United States

Stelao seeks to partner with companies as part of a strategy to be built as an enterprise software platform enabling data-driven customer experiences and measurable outcomes. Stelao was formed in 2023 and is based in Nashville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-24 Once For All

Paris, France

Once For All is a provider of supply chain risk management solutions for the construction industry. The company helps its customers source and track sales opportunities, manage risk and compliance, and provide tools to increase efficiency in their supply chains. Once For All has over 150,000 customers that use its single codebase SaaS solution to search, find and assess future business relationships based on skills, trades, and ESG credentials. Once For All is based in Paris, France.

Buy -
Buyer

FIS Global

Jacksonville, Florida, United States
Category Company
Founded 1968
Sector Financial Services
Employees60,000
Revenue 9.8B USD (2023)
DESCRIPTION
FIS' corporate headquarters in Jacksonville, Florida.
FIS' corporate headquarters in Jacksonville, Florida.

FIS Global is a provider of core processing for financial institutions; card issuer and transaction processing services; and outsourcing services to financial institutions and retailers. FIS Global was incorporated in 1968 and is based in Jacksonville, Florida.

DEAL STATS #
Overall 20 of 21
Sector (Financial Services) 3 of 3
Type (Divestiture) 1 of 2
State (Florida) 3 of 3
Country (United States) 18 of 19
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-14 Payrix

Sandy Springs, Georgia, United States

Payrix enables vertically-focused SaaS companies to embed and manage payments natively within their software, securing additional recurring revenue and creating an awesome experience. The company provides the tools to create a seamless, embedded user experience and offers clients the choice of payment facilitation-as-a-service (PFaaS) or a full payment infrastructure (payment IaaS) product based on business appetite. Payrix was founded in 2015 and is based in Sandy Springs, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-02 First Nationwide Title

New York, New York, United States

First Nationwide Title is a provider of title insurance and related services for the commercial/residential real estate industry on both a national and international scale. First Nationwide Title is based in New York City.

Buy -

Seller(S) 1

SELLER

FIS Global

Jacksonville, Florida, United States
Category Company
Founded 1968
Sector Financial Services
Employees60,000
Revenue 9.8B USD (2023)
DESCRIPTION
FIS' corporate headquarters in Jacksonville, Florida.
FIS' corporate headquarters in Jacksonville, Florida.

FIS Global is a provider of core processing for financial institutions; card issuer and transaction processing services; and outsourcing services to financial institutions and retailers. FIS Global was incorporated in 1968 and is based in Jacksonville, Florida.

DEAL STATS #
Overall 5 of 5
Sector (Financial Services) 2 of 2
Type (Divestiture) 4 of 4
State (Florida) 3 of 3
Country (United States) 4 of 4
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-14 Payrix

Sandy Springs, Georgia, United States

Payrix enables vertically-focused SaaS companies to embed and manage payments natively within their software, securing additional recurring revenue and creating an awesome experience. The company provides the tools to create a seamless, embedded user experience and offers clients the choice of payment facilitation-as-a-service (PFaaS) or a full payment infrastructure (payment IaaS) product based on business appetite. Payrix was founded in 2015 and is based in Sandy Springs, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-02 First Nationwide Title

New York, New York, United States

First Nationwide Title is a provider of title insurance and related services for the commercial/residential real estate industry on both a national and international scale. First Nationwide Title is based in New York City.

Buy -
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