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GTCR set to reap handsome windfall from Worldpay's $24.25 billion sale

Channel News Asia LogoChannel News Asia3d ago

GTCR set to reap handsome windfall from Worldpay's $24.25 billion sale - Channel News Asia

Quick Summary:

NEW YORK : Private equity firm GTCR is poised to garner a return of about two times its investment in Worldpay, after the sale of its 55 per cent stake in the payments processor to Global Payments, people familiar with the matter said on Thursday.

GTCR set to reap handsome windfall from Worldpay's $24.FILE PHOTO: U.S.100 dollar notes are seen at a bank in this picture illustration in Seoul on September 20, 2011.

Under GTCR's brief majority ownership, Worldpay launched new products and grew at a faster clip of about 6 per cent, compared to 1-2 per cent previously, Cohen said.


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GTCR set to reap handsome windfall from Worldpay's $24.25 billion sale - Channel News Asia (Picture 1)GTCR set to reap handsome windfall from Worldpay's $24.25 billion sale - Channel News Asia (Picture 2)

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-18 @ 02:33:47 (3 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 639 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 27968011

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 3 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 3 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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