Global Payments to buy Worldpay for $22.7 billion, sells Issuer Solutions to FIS

GTCR will sell its 55% stake in Worldpay for cash and a 15% stake in Global Payments. Separately, FIS is buying Global Payments' Issuer Solutions business in a $13.5 billion deal to focus on issuer processing, the suite of services that support financial firms that provide payment cards. Global Payments said it will partly finance the Worldpay deal with the proceeds from selling Issuer Solutions, cash on hand and new debt.