---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-185369"
form_type: "8-K"
ticker: "FIS"
cik: "0001136893"
company_name: "Fidelity National Information Services, Inc."
filed_at: "2023-07-11T23:59:59+00:00"
generated_at: "2026-06-13T09:47:43.536541+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# FIS to sell 55% stake in Merchant Solutions to GTCR for $17.5B enterprise value

## Summary
- Enterprise value of $17.5B; FIS receives cash of ~$8.4B debt-financed distribution + $5.005B equity.
- Up to $1B additional contingent consideration based on GTCR's returns exceeding thresholds.
- Transaction subject to regulatory approvals (HSR, UK FCA, DNB) and other conditions; expected close by July 2024.
- GTCR pays $770M reverse termination fee if deal fails due to its breach; financing commitments secured ($5.335B equity, $9.4B debt).
- FIS retains 45% interest in JV; governance with 9-member board (3 from FIS); right to require IPO or sale after 4 years.

## SEC filing metadata
- accession: 0001193125-23-185369
- form_type: 8-K
- ticker: FIS
- cik: 0001136893
- company_name: Fidelity National Information Services, Inc.
- filed_at: 2023-07-11T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1136893/000119312523185369/0001193125-23-185369-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1136893/000119312523185369/d514907d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-185369
- JSON: https://secwatch.observer/filing/0001193125-23-185369.json
- Plain text: https://secwatch.observer/filing/0001193125-23-185369.txt

## Key facts
- Material Agreements
  Fidelity National Information Services, Inc. entered into Purchase Agreement with New Boost Holdco, LLC, GTCR W Aggregator LP, GTCR W Merger Sub LLC, GTCR W-2 Merger Sub LLC valued at Enterprise value of $17.5 billion; FIS receives $8.4 billion debt-financed distribution and $5.005 b (effective 2023-07-05).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: New Boost Holdco, LLC, GTCR W Aggregator LP, GTCR W Merger Sub LLC, GTCR W-2 Merger Sub LLC
  - Value: Enterprise value of $17.5 billion; FIS receives $8.4 billion debt-financed distribution and $5.005 b
  - Effective: 2023-07-05
  source text: On July 5, 2023, Fidelity National Information Services, Inc. (“ FIS ” or the “ Company ”) entered into a purchase and sale agreement (the “ Purchase Agreement ”) by and among the Company, New Boost Holdco, LLC, a Delaware limited liability company (the “ JV ”), GTCR W Aggregator LP, a Delaware limited partnership (“ Purchaser ”) and affiliate of GTCR, LLC (“ GTCR ”), GTCR W Merger Sub LLC, a Delaware limited liability company and wholly owned subsidiary of Purchaser (“ Bank Debt Merger Sub ”), and GTCR W-2 Merger Sub LLC, a Delaware limited liability company and an affiliate of Purchaser (“ Bond Debt Merger Sub ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1136893/000119312523185369/0001193125-23-185369-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.