GTCR in Talks to Buy FIS Merchant Business

Private equity firm GTCR is in advanced talks to buy a majority stake in the merchant acquiring business of Fidelity National Information Services, according to a person familiar with the matter.

(Bloomberg) — Private equity firm GTCR is in advanced talks to buy a majority stake in the merchant acquiring business of Fidelity National Information Services, according to a person familiar with the matter.

The business, which includes Worldpay, could be valued in a transaction at $15 billion to $20 billion, the person said, asking not to be identified because the talks were private.

A final agreement hasn’t been reached at and talks could still end without one, the person added.

Representatives for GTCR and Fidelity National Information Services didn’t immediately respond to requests for comment. The talks were reported earlier by Reuters.

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