GTCR to carve out Worldpay from FIS; Bridge Growth talks about Accedian exit; plus, women of influence

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GTCR to carve out Worldpay from FIS; Bridge Growth talks about Accedian exit; plus, women of influence

Good morning, Hubsters. MK Flynn here with the Wire.

GTCR just announced a big carveout.

Plus, we’ve got a Deep Dive into Bridge Growth Partners’ recently announced sale of network performance specialist Accedian to Cisco.

And we’re featuring influential women in private markets throughout PEI Group publications and websites this week. Below, we’ll shine the spotlight on dealmakers from the special report.

Let’s start with the big deal.

Digital payment trends

Chicago private equity firm GTCR is buying 55 percent of Worldpay, a provider of payment processing technology, from Fidelity National Information Services for $11.7 billion. FIS will retain a 45 percent stake.

PE Hub subscribers may read more about the deal.

Real-time visibility

Bridge Growth Partners announced an exit from Accedian last month, selling the network performance specialist to tech behemoth Cisco Systems.

Alok Singh, the co-founder, CEO and CIO of Bridge Growth, and Tom Manley, a partner of Bridge Growth who serves as the lead director of Accedian, spoke with PE Hub’s Rafael Canton about how the company experienced growth, fueled by the incoming 5G evolution.

Subscribe to the premium version of the Wire to read more.

Who run the world? Girls!

This week at PEI Group, we’re spotlighting 60 Women of Influence in Private Markets.

The 10 women in private equity are of particular interest to PE Hub readers.

Subscribers can read all about them by clicking here.

On that note, I’ll sign off for today.

Tomorrow, Obey Martin Manayiti will be back with more, and I’ll see you again on Monday.

Happy dealmaking,

MK

Read the full wire commentary on PE Hub ...

Also of note (may require subscriptions)

Newbury Partners, recently bought by Bridge Investment Group, is seeking $2.5 billion for a sixth flagship secondaries offering. (Buyouts)
EQT, the world’s third-largest private equity firm according to the PEI 300, has pulled its continuation fund process for its portfolio company Waystar, Secondaries Investor has learned.
Insight Partners shockingly turned down a commitment for its latest flagship fund from Pennsylvania Public School Employees’ Retirement System. (Buyouts)
While it’s not quite time for a post-mortem, it’s not too early to reflect on what the crisis at Thames Water means for private ownership of core infrastructure. (Infrastructure Investor)
Large private markets firms Carlyle, KKR and Apollo are at pains to highlight the connection between ESG and financial performance in their annual sustainability reports. (New Private Markets)
Investors are thinking about moving beyond risk management towards 'nature positive' practices, said Actis's Shami Nissan in a video interview on the sidelines of the Impact Investor Global Summit. (New Private Markets)
The founder of SineWave Ventures believes adversity may be a better term than diversity to describe the character traits that can lead to better investment outcomes. (Venture Capital Journal)