RBS Sells WorldPay Stake To Advent, Bain Capital

Law360, New York (November 27, 2013, 1:24 PM EST) -- Royal Bank of Scotland Group PLC has unloaded its minority stake in credit card processor WorldPay Ltd. to Advent International Corp. and Bain Capital LLC, the private equity firms that co-own the rest of the company, RBS announced Wednesday.

The British bank will sell the remainder of its shares — 20 percent — of the London-based payments processing unit for £160 million ($261 million).

A spokeswoman for RBS said Wednesday that the deal was a “win-win” based on Advent International and Bain Capital’s interest in WorldPay...
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