Advent International and Bain Capital have completed their acquisition of a majority interest in RBS WorldPay, the payment-processing arm of the Royal Bank of Scotland Group PLC, the two private equity firms announced Dec. 1.
The Boston-based based companies made public their plans to buy the payment processor for $3.2 billion in August (see story). RBS retains a minority interest in the company, which has been renamed WorldPay and keeps it headquarters in the United Kingdom, Advent says.
In 2009, WorldPay processed 6.8 billion transactions globally valued at more than $379.1 billion, Advent says.
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