Business

WorldPay's new owners to invest £200m

11 April 2012

The new private equity owners of WorldPay, the payment processing business sold by the Royal Bank of Scotland, are to invest £200 million in the company and create 250 jobs.

The sale, enforced by the EU, was completed today. RBS has retained a 20% stake. Advent International and Bain Capital said they would add to WorldPay's management team as part of the investment over he next six months.

Advent and Bain agreed to pay up to £2 billion for WorldPay in August. The group is the largest provider of card payment services in Europe and the fourth largest globally.

WorldPay processed 6.8 billion transactions last year worth £243 billion through brands including Streamline. It said card payment growth will be aided by new online payments methods, and also sees growth opportunities in emerging markets.

Create a FREE account to continue reading

eros

Registration is a free and easy way to support our journalism.

Join our community where you can: comment on stories; sign up to newsletters; enter competitions and access content on our app.

Your email address

Must be at least 6 characters, include an upper and lower case character and a number

You must be at least 18 years old to create an account

* Required fields

Already have an account? SIGN IN

By clicking Create Account you confirm that your data has been entered correctly and you have read and agree to our Terms of use , Cookie policy and Privacy policy .

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged in

MORE ABOUT

Banking
Brand Marketing
Globalization
Investment
Management
Royal Bank Of Scotland
Sales