Fidelity National to Acquire Global Payments' Issuer Solutions for $13.5 Billion

2025-04-18 companies

Jacksonville, Thursday, 17 April 2025.
Fidelity National’s acquisition aims to expand its payments processing capabilities, marking a significant move in the fintech sector with expected revenue synergies exceeding $150 million annually.

Strategic Acquisition in the Fintech Sector

On April 17, 2025, Fidelity National Information Services, Inc. (NYSE:FIS) formalized its acquisition of the Issuer Solutions business from Global Payments Inc. (NYSE:GPN) for an enterprise value of $13.5 billion. This acquisition aligns with Fidelity National’s strategy to expand its fintech capabilities, particularly in the payments processing sector. The transaction is designed to enhance Fidelity National’s service offerings, with anticipated revenue synergies exceeding $150 million annually post-closure [1][2][3].

Details and Financial Projections

The acquisition will be executed for a net purchase price of $12 billion, excluding the anticipated $1.5 billion in net present value of tax assets. The transaction, part of a broader strategic reshaping by both companies, includes Fidelity National’s divestiture of its stake in Worldpay to Global Payments for $6.6 billion. This exchange allows Fidelity National to streamline its operations while bolstering its payment product suite [1][4][5].

Timeline and Regulatory Approvals

The deal is set to close in the first half of 2026, subject to regulatory approvals and the completion of related transactions, such as Global Payments’ acquisition of Worldpay, LLC from Fidelity National for $17 billion. The closing timeline underscores the procedural requirements typical for such high-value transactions in the financial services sector. The acquisition is also projected to deliver over $500 million in additional adjusted free cash flow within the first 12 months post-closing [1][6][7].

Industry Impact and Market Dynamics

This acquisition is part of a growing trend of consolidation within the fintech industry as major players like Fidelity National and Global Payments seek to enhance their competitive edges through strategic asset reallocation. By integrating Issuer Solutions’ extensive processing capabilities—over 40 billion transactions annually—Fidelity National aims to significantly expand its influence across 75+ countries [6][8][9].

Sources

acquisition fintech