FIS advances separation plan, offloading Worldpay stake to GTCR funds

FIS advances separation plan, offloading Worldpay stake to GTCR funds

FIS, a global powerhouse in financial services technology, announced today the acceleration of its prior plan to separate into two distinct global entities, thereby improving strategic flexibility. To this end, FIS has signed a definitive agreement to divest a majority stake in its Worldpay Merchant Solutions business to private equity funds managed by GTCR. The […]

GTCR to sell digital mortgage marketplace Optimal Blue to Black Knight for $1.8bn

GTCR to sell digital mortgage marketplace Optimal Blue to Black Knight for $1.8bn

Private equity firm GTCR has agreed to divest Optimal Blue, a secondary market solutions and actionable data services provider to Black Knight, a provider of integrated software, data and analytics to the mortgage and real estate sectors, for $1.8 billion in an all-cash deal. Black Knight said that it will merge its Compass Analytics business […]