FT Partners Advises Century Payments on its Strategic Sale to WorldPay US
Overview of Transaction
- On September 25, 2013, Century Payments announced its sale to WorldPay US
- Century Payments is a highly differentiated payments platform with a unique white-label, partnership-driven merchant acquiring strategy
- WorldPay is one of the largest global card payment acquiring businesses with over 500,000 merchants and operations in over 30 countries
- The terms of the transaction were not disclosed
- Combination continues to strengthen WorldPay US's strategic partnership model and furthers the Company's investment in growing and maintaining its market-leading position
- Transaction provides customers in both businesses new and innovative tools to enhance product offerings
- Achieves highly attractive outcome for both Century and WorldPay US
- Century joins a leading company in the payments space through its acquisition by WorldPay US
- WorldPay US is provided a rapidly growing merchant portfolio and strategic partnerships with NCR, UPS and others
- FT Partners served as exclusive strategic and financial advisor to Century Payments and Austin Ventures in its sale process
- Previously served as advisor to WorldPay US (f.k.a. Lynk) on its sale to RBS, highlighting FT Partners' extensive knowledge and deep relationships in the payments sector
- Underscores FT Partners' continued success in advising a broad range of top-tier Payments companies