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VANTIV INC (VNTV)
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Vantiv Offers Deal for Worldpay Valued at $10 Billion -- Update

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07/05/2017 | 02:47pm CEST
By Ben Dummett and Max Colchester 

Vantiv Inc., a major U.S. credit-card processor, has made an offer valuing U.K. payments group Worldpay Group Inc. at $10 billon, potentially beating out rival bidder J.P. Morgan Chase & Co.

Worldpay said in a statement Wednesday that it had agreed a deal in principle with Vantiv.

The deal, if successful, would create a trans-Atlantic payments processing giant with a combined market value of more than $20 billion. The preliminary agreement still leaves space for J.P. Morgan to make a counterbid. Both parties have until Aug. 1 to make a firm offer.

Vantiv is offering a share and cash deal that would value Worldpay at about 19% of its closing share price before speculation of a deal began. Under the current merger on offer, Worldpay shareholders would own approximately 41% of the share capital of the two groups.

J.P. Morgan confirmed Wednesday it was considering an offer for Worldpay following an invitation from the U.K. firm, but has decided not to go ahead with an offer.

Worldpay is particularly strong in the U.K. and the U.S., processing millions of payments daily in stores, online and on mobile phones.

Ohio-based Vantiv helps merchants, banks and credit unions accept credit- and debit-card payments, as well as gift cards and online payments mainly in the U.S.

Payments businesses are under pressure to consolidate as regulators and rising competition from technology startups, squeeze the fees of incumbents. Worldpay rival Nets AS said last week that it had been approached by suitors. In April, Mastercard Inc. received regulatory approval to acquire payment-technology firm VocaLink Holdings Ltd. for about $920 million.

Write to Ben Dummett at [email protected] and Max Colchester at [email protected]

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Financials ($)
Sales 2017 2 116 M
EBIT 2017 894 M
Net income 2017 273 M
Debt 2017 4 058 M
Yield 2017 -
P/E ratio 2017 45,14
P/E ratio 2018 32,41
EV / Sales 2017 7,75x
EV / Sales 2018 6,05x
Capitalization 12 334 M
Chart VANTIV INC
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Vantiv Inc Technical Analysis Chart | VNTV | US92210H1059 | 4-Traders
Technical analysis trends VANTIV INC
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 77,7 $
Spread / Average Target 12%
EPS Revisions
Managers
NameTitle
Charles D. Drucker President, Chief Executive Officer & Director
Jeff E. Stiefler Chairman
Mark L. Heimbouch Chief Operating Officer & Director
Stephanie Ferris Chief Financial Officer
Richard Robert Bartlett Chief Information Officer
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