Worldpay LSE IPO

Overview:

• Worldpay, a UK payment processing company has undertaken an IPO on the LSE.
• The deal is the largest Uk IPO of 2015.
• At 240p a share the flotation values the company at £4.8 billion.
• The IPO is expected to raise between £2.16 billion and £2.48 billion.
• Advent and Bain Capital are the company's private equity owners and principal sellers.
• Prior to the listing the company had rejected a £6.6 billion takeover offer from Ingenico.
• Bank of America Merrill Lynch, Goldman Sachs, Morgan Stanley, Barclays, Credit Suisse and UBS acted as underwriters.
• Financing for the deal came from a £1.7 billion of senior term and revolving facilities, and certain margin lending facilities of £262.5 million provided to Advent International and Bain Capital respectively.

Sam Duke - Editor