Worldpay (Vantiv / FIS)

exited

Financial Technology — Advent / Bain Capital

Deal Terms

Entry Year2010

Entry EV$9.7B

Entry Multiple8x

Leverage5x

Debt Amount$4.85B

Outcome

Exit Year2018

Risk Metrics

LTV (est.)50%

Debt / EV0.50x

Notes

Advent/Bain bought RBS WorldPay for $9.7B (2010). Vantiv acquired for $10.4B (2017). Merged entity became FIS WorldPay for $43B (2019). PE sponsors made massive returns on payments infrastructure. FIS then sold 55% of Worldpay to GTCR for $18.5B (2024) — valuation cratered. PE made money but created a payments Frankenstein.

Sponsor

Bain Capital$185B AUM