5th Jun 2015 05:56
LONDON (Alliance News) - The private equity owners of payments company Worldpay have hired a fleet of banks to advise on the flotation of the business, which is set to be valued at around GBP6 billion, the Financial Times reported on Thursday.
Worldpay provides payment services to business and was carved out of The Royal Bank of Scotland Group PLC in 2010, before being sold to current owners Bain Capital and Advent International.
Bain and Advent are now understood to have hired Bank of America Merrill Lynch, Goldman Sachs and Morgan Stanley to act as global coordinators for the IPO, with Lazard to advise them on the deal, the FT said, citing people familiar with the situation.
http://next.ft.com/efaa6616-0aca-11e5-98d3-00144feabdc0
By Sam Unsted; [email protected]; @SamUAtAlliance
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