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GTCR nears major acquisition of FIS merchant business

Private equity firm GTCR is close to finalizing a significant transaction to acquire a controlling stake in the merchant business of payment processing company Fidelity National Information Services (FIS) for an estimated value of $15 billion to $20 billion, according to sources familiar with the matter.

This deal, if successfully concluded, would represent GTCR’s largest acquisition to date and would allow FIS to divest its troubled $43 billion acquisition of Worldpay in 2019. Photo: Shutterstock

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