Fidelity National Information Services Inc

FIS: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$18.00	Tynlm	Ryfxynfg

FIS: Announces Deal To Sell Majority Stake in Worldpay

Brett Horn

Jul 6, 2023

Narrow-moat Fidelity National Information Services had previously announced its intention to spin off its Worldpay merchant acquiring operations, but it has now agreed to sell a majority stake to private equity firm GTCR instead. GTCR will take a 55% stake at a $17.5 billion valuation, with potentially another $1 billion in the future based on GTCR’s returns. The deal values Worldpay at 9.8 times expected 2023 EBITDA, including corporate and additional stand-alone costs.

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