Kirkland & Ellis Advised GTCR And Worldpay On The Sale Of Worldpay To Global Payments For $24.25 Billion In Concurrence With A Three-Way Deal
Kirkland & Ellis Advised GTCR And Worldpay On The Sale Of Worldpay To Global Payments For $24.25 Billion In Concurrence With A Three-Way Deal
Global Payments will acquire Worldpay from FIS and GTCR for $24.25 billion of cash and stock while FIS will acquire Global Payments' Issuer Solutions business, at an enterprise value of $13.5 billion.
Kirkland & Ellis advised GTCR and Worldpay in the sale of Worldpay, a global leader in payments processing and merchant acquiring, to Global Payments (NYSE: GPN) for $24.25 billion as part of a three-way transaction.
GTCR acquired a 55% majority stake in Worldpay from global leader in financial services technology, FIS (NYSE: FIS) in January last year. The remaining 45% was retained by FIS as part of the transaction. As per the latest deal, Global Payments will acquire Worldpay from FIS and GTCR for $24.25 billion of cash and stock while FIS will acquire Global Payments' Issuer Solutions business, at an enterprise value of $13.5 billion.
Worldpay and Global Payments provide highly complementary payments, commerce enablement solutions and software to partners and merchants worldwide. On a combined basis, the company will enable around 94 billion transactions and $3.7 trillion in volume across over 175 countries, serving over six million customers. Subject to required regulatory approvals and other customary closing conditions, the transactions are expected to close in the first half of 2026.
The Kirkland team included corporate lawyers Ted Frankel, Daniel Guerin, Ziyad Ziyadzade and Francesco Castaldi; debt finance lawyer Thomas Dobleman; capital markets lawyers Sharon Freiman, Rachel Sheridan and Asher Qazi; tax lawyers Mike Carew, Adam Kool, Nicholas Warther, Peter Abbott and Anthony Antioch; antitrust & competition lawyers Matt Reilly, Steve Mohr, Alasdair Balfour, Sion Davies, Thomas Wilson, Jack Coles and Stephanie Greco; investment funds lawyers Mike Pergler and Adam Skinner; technology & IP transactions lawyer Aaron Lorber and Todd Herst; employment & labor lawyer Jackie Heffernan; employee benefits lawyer Alexandra Mihalas; executive compensation lawyer Michael Krasnovsky; real estate lawyer John Goldman; environmental transactions lawyer Michelle DeMaio; and international trade & national security lawyers Ivan Schlager and Daniel Gerkin.
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