Wachtell, Lipton, Rosen & Katz, Slaughter and May, Shardul Amarchand Mangaldas & Co (SAM), Kirkland & Ellis, Paul Hastings, and Latham & Watkins advised on Global Payments’ USD 36.2 billion acquisition of Worldpay.
Global Payments Inc. Acquired Worldpay, LLC from GTCR LLC and Fidelity National Information Services, Inc. In a cross-border transaction valued at approximately USD 36.2 billion, including the carve-out of the Issuer Solutions business. The transaction also included a related divestiture of Global Payments’ Issuer Solutions business to FIS and an internal reorganisation to carve out the non-Issuer Solutions business from the transaction perimeter.
The acquisition consolidates Global Payments’ position as a global leader in payments processing, creating a combined enterprise with enhanced scale, technological capabilities, and international reach. The transaction is expected to deliver significant synergies, including at least USD 600 million of run-rate expense savings and USD 200 million in revenue synergies, while strengthening strategic capabilities across merchant acquiring, payment processing, and financial technology solutions.
Wachtell, Lipton, Rosen & Katz advised Global Payments. The Wachtell team included Jacob A. Kling, Nelson O. Fitts, Erica E. Aho, Emily D. Johnson, Joshua M. Holmes, and Rachel B. Reisberg.
Slaughter and May advised Global Payments on UK and cross-border matters. The team included Anna Lyle-Smythe, Alexander Chadd, Stephen Heagney, and Jan Putnis.
Shardul Amarchand Mangaldas & Co (SAM) advised Global Payments on Indian law aspects of the acquisition, including regulatory, tax, employment, and related internal reorganisation matters. The SAM team was led by Partners Natashaa Shroff and Deepa Rekha R, with support from Senior Associate Devangana Mandal; Associates Aryan Khanna, Adwaita Bhattacharyya, and Sriroopa Neogi. Tax aspects were advised by Partners Gouri Puri and Rahul Yadav, with Principal Associate Nimish Malpani and Associate Tushar Kumar. Employment aspects were advised by Partners Pooja Ramchandani and Kriti Kaushik, supported by Principal Associate Suryansh Gupta and Associate Rakshita M.
Kirkland & Ellis advised Worldpay and GTCR. The team included Ted Frankel, Daniel Guerin, Ziyad Ziyadzade and Francesco Castaldi.
Paul Hastings LLP advised GTCR as regulatory counsel. Global Fintech co-chair Chris Daniel and of counsel Diane Holden led the Paul Hastings team, which also included Partners Arun Srivastava and Nina Moffatt and Associates Bethany Krystek, Bhavesh Panchal, Sarah Quattrocchi and Samantha Wood.
Latham & Watkins advised FIS. The team included Gary Boss, Charles Ruck, Leah Sauter, Kirsten Gaeta, Christian McDermott, Sam Newhouse, Tim Scott, Katharine Moir, Helen Lethaby, Christine Mainguy, Megan Alessi, Sarah Gadd, Tobias Leder, Jason Licht, Michelle Kelban, Dara Denberg, Makan Delrahim, Caitlin Fitzpatrick, Francesca Pisano, Simon Pritchard, Héctor Armengod, Jana Dammann de Chapto, Jonathan Parker, Kevin Chambers, Stephanie Teicher, Sandra Benjamin, Ruchi Gill, Stuart Davis, Barrie VanBrackle, Parag Patel, Ghaith Mahmood, Clayton Northouse, Tony Kim, Gail Crawford, Alain Traill and David Langer.
The deal reporting on this platform is based on the information received from law firms, and therefore, some details may be missing/incomplete. If your firm has not been credited for this deal, write to us at chanchal.makhija@thegreymatter.co.in mentioning your firm’s name, lawyers involved (including designation) and client represented.