WorldPay expected to float early next year
Electronic payments company WorldPay is set for a £6bn flotation early next year, according to reports.
The business, which was acquired by private equity firms Advent International and Bain Capital from Royal Bank of Scotland in 2010 for £2bn, could fetch as much as three times that, according to sources cited by the Sunday Times.
According to the newspaper, insiders have revealed that the current owners have discussed "strategic options" for the firm with Goldman Sachs, which is expected to be formally appointed to manage the market float.
WorldPay, which handles 26m business transactions each day, generated profit of £346m in 2013, with earnings expected to rise to £400m.