Worldpay: Empowering Businesses with Innovative Payments Technology and Solutions

In a significant move that marks a new chapter in its growth story, Worldpay, LLC has begun operating as an independent company. As a global industry leader in payments technology and solutions, Worldpay has closed upon its previously announced sale and is now under the oversight of leading private equity firm GTCR, with a 55% majority ownership interest. FIS, a global leader in financial services technology, will retain a 45% ownership interest.

With its newfound independence, Worldpay is poised to deliver even greater levels of value, innovation, and service to its clients. The company plans to increase investment in product development, technology, and client solutions, ensuring that businesses of all sizes can take, make, and manage payments securely and efficiently. Moreover, Worldpay aims to pursue strategic acquisitions across various industries and geographies to enhance its ability to serve clients and expand its market opportunities.

Under the leadership of Charles Drucker, CEO of Worldpay, the company is determined to optimize performance and accelerate growth. Drucker expresses his excitement to lead Worldpay into the future as an independent company, emphasizing the commitment to bringing more value to clients and partners. The Worldpay team, fueled by a passion for payments and their clients, will play a pivotal role in shaping the ever-evolving industry.

GTCR, known for partnering with management leaders to build market-leading companies, recognizes Worldpay's position as a global payments leader. The firm believes that Worldpay's rich legacy, advanced technology, and client-oriented culture will allow the company to set new standards for the industry. As part of this transition, GTCR has committed an additional equity capital investment of up to $1.3 billion to support Worldpay's pursuit of strategic opportunities.

Collin Roche, GTCR Co-CEO and Managing Director, commends Worldpay's exceptional team of payment and technology professionals. He expresses confidence that the company's return to independent operations, guided by Charles Drucker, will bring about new phases of growth and innovation. GTCR believes that Worldpay's enhanced offerings and customer-oriented approach will benefit clients immensely.

In parallel, Worldpay and FIS have established a long-term commercial relationship as part of the transaction. This strategic go-to-market partnership ensures that Worldpay and FIS clients will continue to have access to a broad set of complementary solutions, further enhancing their business operations.

Stephanie Ferris, CEO, and President of FIS, shares her excitement about the bright future ahead for both FIS and Worldpay. She emphasizes that the partnership between the two companies will drive growth and bring value to the clients they serve.

Cincinnati, Ohio, has been chosen as the Global Corporate Headquarters for Worldpay, while London, United Kingdom, will serve as the Company's International Headquarters. This dual location strategy highlights Worldpay's global presence and commitment to providing top-notch payment solutions worldwide.

The financial aspect of the transaction is supported by leading financial institutions, including JPMorgan Chase Bank, N.A., Goldman Sachs, Citi, Wells Fargo Bank, National Association, Deutsche Bank Securities Inc., and UBS Securities LLC. These institutions have provided debt financing support for the transaction. Citi, Wells Fargo Securities, LLC, Deutsche Bank Securities Inc., and UBS Securities LLC have also served as lead financial advisors to GTCR. Raymond James & Associates, Inc., William Blair, TD Cowen, and Piper Sandler & Co. have acted as additional financial advisors. Kirkland & Ellis LLP and Paul Hastings LLP have provided legal counsel and regulatory legal counsel, respectively.

About Worldpay

Worldpay is a leading payments technology and solutions company that empowers businesses globally. With its unique capabilities, Worldpay enables businesses of all sizes to take, make, and manage payments securely and efficiently across various channels. Annually, Worldpay processes over 40 billion transactions across 146 countries and 135 currencies, helping its customers become more successful. To learn more, visit worldpay.com or follow Worldpay on LinkedIn, X, and Facebook.

About GTCR

Founded in 1980, GTCR is a renowned private equity firm that specializes in partnering with management leaders in core domains. GTCR identifies, acquires, and builds market-leading companies through organic growth and strategic acquisitions. The firm focuses on investing in transformative growth in companies across several sectors, including Business & Consumer Services, Financial Services & Technology, Healthcare, and Technology, Media & Telecommunications. GTCR has a track record of investing over $25 billion in more than 270 companies and currently manages over $35 billion in equity capital. Headquartered in Chicago, GTCR has offices in New York and West Palm Beach. For more information, please visit www.gtcr.com and follow GTCR on LinkedIn.