Report: Bain, Advent Nix WorldPay U.S. Sale

By  |  June 8, 2013
 | 

Bain Capital and Advent International have cancelled the auction of WorldPay’s U.S. unit, according to a Reuters report.

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    WorldPay’s private equity owners cancelled the sale after no potential buyer was willing to meet expectations of $800 million to $1 billion.

    “Following a strategic review of WorldPay U.S., we have concluded that the growth potential and value of the business will be maximized by remaining part of WorldPay Group,” WorldPay spokesman Simon Kutner told Reuters.

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