Worldpay the payment processing company who provide secure payment services for small and large businesses through payments online, card machines and telephone payment have hired investment bank Lazard as an adviser in preparation for a London Stock Exchange floatation. It is thought that London-based company could be valued at up to 6 billion pounds.

In August 2010, Advent International and Bain Capital bought Worldpay for £2.025bn. The RBS Group kept a 20% stake in the business with Advent International and Bain Capital owning 40% each. The sale went though in December 2010. RBS WorldPay changed name at this point to Worldpay.

Straight after the sale Worldpay then acquired Cardsave, one of the UK’s leading independent sales organisations distributing credit and debit card processing services to small retailers. Worldpay went on to acquire Envoy Services Limited, a leading provider of alternative payment solutions to eCommerce merchants worldwide and then Centrury Payments.

November 2013, Royal Bank of Scotland LON:RBS announced it had sold its remaining stake in Worldpay to the payment processing firm’s majority shareholders, private equity firms Advent International and Bain Capital.

Worldpay previously known as RBS WorldPay is a payment processing company. It provides payment services for mail order and Internet retailers, as well as point of sale transactions. Customers are a mix of multinational, multichannel retailers, with the majority being small business merchants. Worldpay started as an electronic payment provider called Streamline back in 1989 in the UK but has extended into mail order/telephone order, “unattended” payments and handling secure payments over the Internet through merger and acquisition of several other companies.

Do you want to know which major FTSE 100 stock is ready to push higher? Then you will probably like this article from Central Markets.

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