Shares in Fidelity National Information Services rose sharply on Monday after a report named two private equity groups as potential buyers for payments services company Worldpay Group.
Worldpay Group, which was acquired by Fidelity National (Ticker: FIS) in 2019, is valued at more than $15 billion, the Financial Times said on Friday, citing five people familiar with the matter. Advent International and GTCR are the two private equity groups weighing bids for a controlling stake in the payments company, while major Wall Street…
Shares in Fidelity National Information Services rose sharply on Monday after a report named two private equity groups as potential buyers for payments services company Worldpay Group.
Worldpay Group, which was acquired by Fidelity National (Ticker: FIS) in 2019, is valued at more than $15 billion, the Financial Times said on Friday, citing five people familiar with the matter. Advent International and GTCR are the two private equity groups evaluating bids for a controlling stake in the payments company while major Wall Street banks have been discussing providing funding, the report said.
Fidelity National shares rose 6% on Monday to close at $58.
The company and Advent declined to comment. GTCR did not immediately respond to a request for comment.
fideality national announced in February that it would spin off Worldpay.
Advertisements – Scroll to continue
Write to Karishma Vanjani at [email protected]