32-479: Worldpay is the name of two related companies: Worldpay Group , a former UK company, which was acquired by Vantiv to form the American company Worldpay, Inc. Worldpay, Inc. , an American multinational financial technology company and payment processing company. Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with
64-502: A $ 2.35 billion transaction. The transaction represented one of the largest private equity transactions completed in 2009, amidst the Financial crisis of 2007–2010 . The deal was completed in June 2009. In November 2009, it announced a public tender offer to acquire 100% of Wydawnictwa Szkolne i Pedagogiczne S.A. (WSiP), the largest Polish educational publisher. In April 2010, it took over
96-737: A 48% minority stake in lululemon athletica. Advent bought a majority ownership of Bradco Supply , a leading distributor of building products in 2008. It has acquired a number of companies in Central and Eastern Europe through its dedicated regional funds. These include Romanian Ceramica IASI, one of Romania’s leading ceramic bricks and clay roof tiles producers, Bolix, a leading Polish producer of construction chemicals, Dufa Deutek, Romania’s largest decorative paints producer, and LaborMed Pharma, which manufactures and distributes generic pharmaceuticals primarily for cardiovascular and central nervous system ailments. In 2007, its Asia affiliate Seavi Advent led
128-419: A Bellevue-based company, for an undisclosed amount. Between 2016 and 2018, it acquired business-to-business distributors of industrial supplies Brammer and IPH Group to create Rubix . In February 2017, it announced that it would partner with CCC Information Services as their sole equity partner, buying out Leonard Green & Partners and TPG Capital . On May 31, 2017, Advent and Bpifrance completed
160-467: A definitive agreement to acquire SecureNet Payment Systems from private equity firm Sterling Partners. The acquisition was completed in December of that year. Following this acquisition, WorldPay announced that it would spend $ 10 million relocating its US headquarters to Atlanta. The company provided payment services for mail order and Internet retailers, as well as point of sale transactions. Customers are
192-519: A mix of multinational, multichannel retailers , with the majority being small business merchants. It also provided loans to small businesses. In 2016, WorldPay presented its own IT platform, which enabled the company to process up to 20 times more transactions . This decision was a part of the process to separate WorldPay entirely from the Royal Bank of Scotland and their technology systems. Advent International Advent International Corporation
224-474: A regional chain of quick-service restaurants based in Charlotte , North Carolina . As of October 1, 2013, Advent had reached agreement with Vista Equity Partners to acquire P2 Energy Solutions . On August 7, 2014, lululemon athletica inc. and Wilson facilitated Advent's re-engagement in lululemon by selling 13.85% ownership in the company to Advent for approximately $ 845 million. The transaction received
256-515: A £200m contingent consideration, and appointed Ron Kalifa, who had previously headed up the global transaction services division with RBS, as CEO. The RBS Group retained a 20% stake in the newly independent business, with Advent International and Bain Capital owning 40% each. The sale completed on 1 December 2010. In November 2013, RBS said it had sold its remaining stake of about 20 per cent in Worldpay to
288-777: Is an American global private equity firm focused on buyouts of companies in Western and Central Europe , North America , Latin America and Asia . The firm focuses on international buyouts, growth and strategic restructuring in five core sectors. Since its inception in 1984, Advent has invested $ 56 billion in private equity capital and, through its buyout programs, has completed more than 375 transactions in 42 countries. Advent operates from 14 offices in 11 countries, with affiliates in additional countries, employs over 240 investment professionals, and has around $ 92 billion in assets under management as of 2023. In June 2024, Advent
320-516: The UK government approved Advent's £4 billion takeover of defense supplier Cobham Plc . On July 24, 2019, the firm announced the 165p in cash for each Cobham shares, takeover of the firm. On September 16, 2019, at a shareholders' meeting in London, the proposed takeover deal was approved with 93% voting in favor of the deal, surpassing the requisite 75% votes. The takeover was controversial, with opponents of
352-580: The acquisition of Safran Identity & Security (Morpho, now renamed IDEMIA ), after receiving clearance from antitrust and regulatory authorities. " Didier Lamouche was appointed President of the Executive Board and Marwan Lahoud Chairman of the Supervisory Board of OT-MORPHO. This acquisition raised a series of concerns: In October 2018, Advent acquired the pharmaceutical company Zentiva , previously owned by Sanofi. On December 20, 2019,
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#1733084793125384-399: The bank when the trading name and payroll service of Centre-file ltd were sold to Ceridian . NatWest was acquired in 2002 by Royal Bank of Scotland Group (RBS) which renamed the business RBS WorldPay and appointed Ron Kalifa as CEO. RBS expanded the business significantly by acquiring and merging a number of payment solutions companies from different countries. Over the next five years it
416-704: The cable industry. It acquired the British variety store chain Poundland in 2002, and has investments in the Fat Face clothing brand and extended warranty firm Domestic & General . In 2004, Advent-owned fund Viva Ventures bought the Bulgarian state-owned telecoms monopoly Bulgarian Telecommunications Company (now Vivacom ). The company was sold to AIG in 2007. In 2005, founder of lululemon athletica Chip Wilson partnered with Advent and Highland Capital Partners to sell
448-656: The company DFS in the United Kingdom. In August 2010, Advent International was credited with spawning the takeover of Mexicana Airlines by an outside investor group. Advent International has no equity investment stakes in the takeover according to published sources. In 2011, it acquired Mondo Minerals , the second largest global talc producer and British mental health care provider, Priory Group , best known for providing mental health treatments to celebrities such as Eric Clapton and Johnny Depp . In August 2011, it acquired Bojangles' Famous Chicken 'n Biscuits ,
480-465: The deal as "a merger of equals" and emphasised that the timing was simply coincidental, as the company was "not ready [to do the deal] last year when the pound was in a different position." . The combined entity renamed to Worldpay, Inc. In March 2019, Fidelity National Information Services (FIS), a payment rival based in Florida, bought Worldpay Inc. in a deal worth £32 billion. In February 2023, in
512-462: The deal, such as the former First Sea Lord and Royal Navy chief Admiral Lord West of Spithead expressing fears. The founding family of Cobham were also vocal opponents of the takeover. These oppositions for the takeover triggered an investigation by the Competition & Markets Authority , on the national security implications of the transaction, which led to the delay in the regulatory approval of
544-471: The financial systems and Andrew Birch of Symbiant to provide the end user payment gateway. When Royal Bank of Scotland took over National Westminster Bank, Worldpay was wholly acquired and merged with an electronic payment system called Streamline which was first released by Centre-file ltd, a wholly owned subsidiary of National Westminster Bank, in 1989. In 1995 the Streamline system was reabsorbed into
576-534: The firm raised an additional €1 billion for investments in central Europe. In March 2016, Advent raised its eighth global private equity fund with $ 13 billion of investor commitments. Advent began to invest in Poland in 1995. In total, they have made 13 investments in Poland across multiple sectors, including construction materials, food and beverages, financial services, rail equipment, construction chemicals and
608-487: The firm raised the $ 225 million International Network Fund, its first institutional private equity fund. The firm raised its first European fund in 1989, with the $ 231 million European Special Situations Fund and opened its London office. Advent continued its expansion in the 1990s, opening offices in Frankfurt and Milan and merging with UK-based Trinity Capital Partners. In 1994, Advent completed fundraising for
640-546: The first of its flagship series of funds, Advent Global Private Equity (GPE) II, with $ 415 million. In 1996, Advent expanded into Latin America raising a dedicated Advent Latin American Private Equity Fund and opening offices in Buenos Aires , Mexico City , and São Paulo . Advent crossed the billion dollar mark in 1997, with the raising of the $ 1.2 billion Advent Global Private Equity (GPE) III, and in
672-481: The full support of the lululemon Board of Directors and changes the board dynamic. Advent Managing Partner David M. Mussafer and Managing Director Steven J. Collins will be appointed to lululemon's Board of Directors, expanding the Board from 10 to 12 members. Mr. Mussafer will now share Chairman responsibilities with Michael Casey. Lululemon will also engage an independent expert to evaluate and make recommendations regarding
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#1733084793125704-595: The last few years of the 1990s, Advent raised additional sector funds focused on media and communications as well as healthcare and life sciences. Advent's founder, Peter Brooke, stepped down as the firm's CEO in 1996, but remained active as the company's chairman. Through the 2000s, Advent's expansion accelerated as the firm raised additional funds for its various fund families and opening new offices in Europe and Asia. Advent's sixth global private equity fund, raised in 2008, closed with €6.6 billion of investor commitments and
736-541: The leading independent sales organisations distributing credit and debit card processing services to small retailers. In May 2011 Worldpay acquired Envoy Services Limited, a leading provider of alternative payment solutions to eCommerce merchants worldwide, for an undisclosed amount. In June 2013, Worldpay launched Worldpay Zinc, a mobile card processing terminal which connects to smart phones. In September 2013, Worldpay revealed it had acquired US payment processing company Century Payments. In 2014, Worldpay announced
768-490: The lululemon Board's committees, policies and procedures over the course of 90 days following the completion of Advent's stock purchase. In November 2014, Advent completed a new $ 2.1 billion private equity fund, its Advent Latin American Private Equity Fund VI, thought to be the largest ever raised for Latin America. Advent International also acquired a significant minority ownership of Noosa Yoghurt,
800-681: The payment processing firm’s majority shareholders, private equity firms Advent International and Bain Capital . The company listed on the London Stock Exchange through an initial public offering (IPO) in October 2015. At the IPO, Advent and Bain earned a combined profit of £3.2 billion from their five year investment, selling about £1.2 billion of company stock and retaining a £2.3 billion stake. In July 2017, Vantiv announced its intention to acquire Worldpay for $ 10.4 billion. The combined entity
832-593: The restructuring of Yangzijiang Shipbuilding, one of China's largest privately owned shipbuilders, and successfully listed the company on the Singapore Exchange ; making it one of the largest IPOs by a foreign company in Singapore. In March 2009, Advent announced the acquisition of a controlling interest in Fifth Third Processing Solutions, the payment processing business of Fifth Third Bank in
864-496: The title Worldpay . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Worldpay&oldid=1234956922 " Category : Disambiguation pages Hidden categories: Short description is different from Wikidata All article disambiguation pages All disambiguation pages Worldpay Group Worldpay Group plc (formerly RBS WorldPay )
896-454: The wake of pressure from activist investors , FIS announced it would spin off its merchant business that consisted of Worldpay in the next 12 months. In July, private equity firm GTCR agreed to acquire a 55 per cent stake in WorldPay from FIS for $ 11.7 billion, valuing WorldPay at $ 18.5 billion. On 21 December 2010, the UK division of Worldpay acquired Cardsave , one of
928-557: Was a payment processing company . It was formerly listed on the London Stock Exchange until 16 January 2018 when it was acquired by Vantiv . The combined company then took the name Worldpay, Inc. Worldpay, Inc. was acquired by FIS in July 2019 for $ 43 billion. In 2024, private-equity firm GTCR acquired a majority 55% equity interest in WorldPay. WorldPay started as an online multi-currency payment system in 1997. The founder Nick Ogden partnered with National Westminster Bank to provide
960-530: Was combined with seven leading retail payment solutions brands: Streamline, Streamline International, PaymentTrust, Netherlands based Bibit, RiskGuardian and US-based Lynk. As a condition in the European Commission's clearance in December 2009 of state aid to RBS, Worldpay was to be sold as part of a plan to divest selected businesses from the group. On 6 August 2010, Advent International and Bain Capital agreed to acquire Worldpay for £2.025bn, including
992-545: Was ranked eighth in Private Equity International 's PEI 300 ranking of the largest private equity firms in the world. Advent is a Boston, Massachusetts spin-out from TA Associates by Peter Brooke . Brooke had founded TA Associates in 1968, after having expanded the venture capital operations of TA's parent Tucker Anthony & R.L. Day . In 1985, Advent raised its first fund – a $ 14 million corporate venture capital program for Nabisco . In 1987,
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1024-505: Was to keep the "Worldpay" name, and would be headquartered and listed in the United States, with internal operations continuing to be based in the U.K. The transaction was completed on 16 January 2018. There was initial concern from UK politicians over whether the merger was as a result of the fall in the pound's value since 2016, turning British assets into bargains for foreign investors. However, WorldPay's vice-chair, Ron Kalifa, described
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