M&A
confidence high
sentiment neutral
materiality 0.85
FIS buys Global Payments' Issuer Solutions for $13.5B, sells Worldpay stake, gets ~$6.6B net
Fidelity National Information Services, Inc.
- FIS will acquire Issuer Solutions Business from Global Payments for $13.5B enterprise value, paying via sale of its Worldpay equity and cash.
- FIS expects pre-tax proceeds of ~$6.6B from Worldpay sale (part of $24.25B Worldpay enterprise value, with GTCR).
- Transaction cross-conditioned with GTCR's acquisition of Worldpay; closing targeted by April 16, 2026, with two 6-month extensions possible.
- FIS obtained $8B bridge loan commitment from Goldman Sachs and Wells Fargo; expects to replace with permanent financing before closing.
- Deal requires regulatory clearances in U.S. and other jurisdictions; no financing condition, but subject to customary closing conditions.