CD&R pursues buyout of $40 billion payments processor Global Payments, FT reports
In short
The Financial Times reported that private equity firm CD&R is pursuing a takeover deal for Global Payments. The transaction targets an enterprise currently valued at roughly $40 billion in the payment processing industry. If finalized, the acquisition would transition the heavily capitalized processing company into private ownership.
Key points
- Global Payments has emerged as a major acquisition target for private equity firm CD&R.: Global Payments has emerged as a major acquisition target for private equity firm CD&R.
- The proposed buyout involves a massive financial footprint valued at around $40 billion.: The proposed buyout involves a massive financial footprint valued at around $40 billion.
- Market reporting from the Financial Times revealed the early buyout pursuit for the proce…: Market reporting from the Financial Times revealed the early buyout pursuit for the processor.