M&A
confidence high
sentiment positive
materiality 1.00
Global Payments to acquire Worldpay for $24.25B, divest Issuer Solutions to FIS for $13.5B
GLOBAL PAYMENTS INC
- Q1 2025 preliminary adj. net revenue $2,205M, adj. EPS $2.69; reaffirms FY2025 outlook.
- Worldpay acquisition valued at $24.25B (8.5x adj. EBITDA net); net purchase price $22.7B.
- Issuer Solutions divestiture to FIS at $13.5B (12.3x adj. EBITDA); expected close H1 2026.
- Pro forma: ~$12.5B adj. net revenue, ~$6.5B adj. EBITDA; $600M cost, $200M revenue synergies.
- GTCR gets ~15% stake at $97/share; leverage ~3.5x at close, investment grade retained.