Worldpay Hands Planet-Sized Lucre To Buyout Barons

2025-04-22 08:27:00 ET

Summary

• Worldpay is a prime exhibit of how sharp-toothed buyout barons are masters of getting a good deal from a flailing industry.
• The latest transaction represents an admission by both Global Payments and FIS that serving both merchants and banks does not work.
• Global Payments CEO Cameron Bready reckons he can extract $800 million of extra profit by cutting costs and boosting revenues.

Worldpay is a prime exhibit of how sharp-toothed buyout barons are masters of getting a good deal from a flailing industry. The payment processor once part of Royal Bank of Scotland has changed hands four times between 2010 and 2023. Now majority owner GTCR is shuffling it to U.S.-based Global Payments. All along, the only reliable outcome has been profits for private equity firms....

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