Private equity firm GTCR buys majority stake valuing Worldpay at $18.5B

Private equity firm GTCR LLC agreed to buy a majority stake in Worldpay, the Fidelity National Information Services Inc. unit that handles card payments for businesses all over the world, in a deal valuing the target at $18.5 billion. FIS will receive upfront, net proceeds of about $11.7 billion and retain a non-controlling 45% ownership […]