From Yahoo Finance: 2025-04-17 14:33:00

Private equity firm GTCR is set to make a two times return on its investment in Worldpay, selling its 55% stake to Global Payments for $24.25 billion. GTCR’s 100% return was based on its 2023 deal for the stake, the firm’s largest ever acquisition. The deal includes a complex three-way transaction. GTCR is set to take 41% of its share in Global Payments stock, potentially increasing returns further. Under GTCR’s majority ownership, Worldpay grew at a faster clip of about 6%, launching new products. GTCR’s recent big exit includes selling insurance brokerage AssuredPartners for $13.45 billion. The exit comes less than 15 months since the original Worldpay stake acquisition, defying the average private equity hold period of 5.8 years.

Read more: GTCR set to reap handsome windfall from Worldpay’s $24.25 billion sale