Baar-Zug, 16 December 2010
Partners Group, the global private markets investment manager, provided mezzanine debt financing to RBS WorldPay, a global payments-services business, on behalf of its clients. The transaction was in connection with the acquisition of RBS WorldPay by Advent International and Bain Capital.
RBS WorldPay is a global leader in payment processing with operations in more than 40 countries. On average, the company processes over twelve million transactions per day. Growth prospects for the business are strong and will be driven by a further substitution of cheque and cash payments by card payments. RBS WorldPay has a leading market position with a 44% market share of transactions processed in the United Kingdom.
Juri Jenkner, Head of Partners Group's London office and Managing Director in the Private Debt practice at Partners Group comments: "We are delighted to be a mezzanine lender to RBS WorldPay. The company provides services which are an integral part of today's card payment infrastructure and RBS WorldPay has the scale required to continue playing a leading role in its market."