Wirecard Bids on Worldpay
Aug. 27, 2015
Wirecard AG has bid $9.4 billion to acquire U.K.-based e-commerce processor Worldpay, according to a Bloomberg report. The German payments processor joins several private-equity groups that also are interested in acquiring the company, which is owned by Advent International Corp. and Bain Capital. Worldpay also has been planning for an IPO and may choose to accept none of the takeover bids, according to the report’s sources.
Advent and Bain acquired Worldpay from its former parent, the Royal Bank of Scotland in 2010 for $2.7 billion. The other party reportedly interested in buying Worldpay is a joint bid that includes private equity firms Blackstone Group and Hellman & Friedman.