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0.000421881591899889 0.000984390381099809 -0.000562508789199719 -0.00112501757839964 -0.00435944311629872 -0.00787512304879767 -0.0232034875544929 -0.0232034875544929
Stock impact report

GTCR set to reap handsome windfall from Worldpay's $24.25 billion sale [Yahoo! Finance Canada]

Global Payments Inc. (GPN) 
Last global payments inc. earnings: 2/12 06:55 am Check Earnings Report
US:NYSE Investor Relations: investors.globalpaymentsinc.com
NEW YORK (Reuters) - Private equity firm GTCR is poised to garner a return of about two times its investment in Worldpay, after the sale of its 55% stake in the payments processor to Global Payments, people familiar with the matter said on Thursday. Such a big windfall has become increasingly rare in the private equity industry, which has been starved of large exits during the last two years when high interest rates froze up financing markets and slowed down the pace of large leveraged buyouts. Earlier on Thursday, Global Payments agreed to buy Worldpay for around $24.25 billion and divest its issuer services unit for $13.5 billion in a complex three-way deal, marking one of the biggest transactions in the payments industry in recent years. The 100% return on the capital invested by GTCR was based on its 2023 deal for the stake in Worldpay - the buyout firm's largest ever acquisition - in a transaction that valued the business at about $18.5 billion. GTCR declined to comment Show less Read more
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