FIS stock rises after Worldpay private equity interest report

Shares of Fidelity National Information Services rose Monday after a report pointed to two private equity groups as potential buyers for payments provider Worldpay Group.

A Financial Times report on Friday citing five people familiar with the matter said the Worldpay Group, which was acquired by Fidelity National (stock symbol: FIS) in 2019, is valued at more than $15 billion. Advent International and GTCR are two private equity groups considering bids for a majority stake in the payments company, while Wall Street…

Shares of Fidelity National Information Services rose Monday after a report pointed to two private equity groups as potential buyers for payments provider Worldpay Group.

Worldpay Group, which was acquired by Fidelity National (Ticker: FIS) in 2019A Financial Times report on Friday, citing five people familiar with the matter, said it was worth more than $15 billion. The report said that Advent International and GTCR are two private equity groups that are considering bids for a majority stake in the payments company, while large Wall Street banks have discussed providing financing.

Fidelity National stock rose 6% to close at $58 on Monday.

The company and Advent declined to comment. GTCR did not immediately respond to a request for comment.

FNational laziness It had said in February that it planned to spin off Worldpay.

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Write to Karishma Vanjani at [email protected]

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