FIS | Worldpay to Buyout Group for up to $18.5bn

1. Fidelity National Information Services (FIS) agrees to sell majority stake in Worldpay for up to $18.5 billion. 2. GTCR emerges as the winning bidder in the auction for Worldpay's majority stake.

3. FIS's $30 billion acquisition of Worldpay in 2019 will be unraveled through this deal. 4. FIS plans to spin off Worldpay to stockholders, shifting its strategy.

5. FIS will receive $11.7 billion in cash and retain a 45% stake in Worldpay. 6. The deal allows FIS to monetize its merchant solutions business at an attractive valuation.

7. GTCR values Worldpay at 9.8 times its expected fiscal 2023 adjusted earnings before interest, taxation, depreciation, and amortization (EBITDA).

8. The acquisition marks GTCR's largest deal in its history. 9. GTCR expresses confidence in Worldpay's potential for sustained, long-term growth.

10. Worldpay returns to private equity ownership after being acquired by Advent and Bain Capital in 2010.

11. Advent and Bain Capital purchased Worldpay from the Royal Bank of Scotland for $3 billion.

12. FIS's purchase of Worldpay aimed to expand its footprint in the payments industry. 13. FIS faced challenges in i13tegrating the two businesses.

14. Private equity firm GTCR will finance the purchase with a mix of debt and equity.

15. A group of large banks, including JPMorgan and Goldman Sachs, will provide debt financing for the deal.

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