FD cashes in on year's biggest UK buyout as Advent and Bain buy RBS WorldPay

Royal Bank of Scotland has agreed to sell RBS WorldPay, its credit card payment processing business, to two US private equity consortia supported by FD.

Buyout: RBS WorldPay
Buyout: RBS WorldPay
The government-owned bank is to sell the unit to Advent International and Bain Capital for £1.7bn.
FD is the retained adviser to both Advent and Bain. The agency was also the retained corporate and financial adviser to RBS itself until March last year, when Finsbury picked up the account.
Fergus Wheeler, MD, corporate (UK) is leading FD’s involvement.
Advent and Bain beat off competition from rival buyout firms Clayton Dubilier & Rice and TPG.
The deal is the biggest agreed buyout in the UK so far this year and the largest UK private equity deal since 2008.

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Latest Articles

Max Clifford trial jury to continue deliberations tomorrow

Max Clifford trial jury to continue deliberations tomorrow

The jury in the trial of celebrity publicist Max Clifford has been sent home after a second day of deliberations about its verdicts on 11 charges of indecent assault.

Champagne producer Charles Heidsieck appoints Story PR