Two private investment firms reportedly want to buy Global Payments, a company that handles card payments for businesses. Talks may not lead to a deal.
Two private investment firms, CD&R and GTCR, have reportedly teamed up on a bid to buy Global Payments, a company that processes card payments. The Financial Times reported it on Friday, Oct. 30, citing unnamed sources. Talks are ongoing and may not result in a deal.
The FT says Global Payments has an enterprise value of about $40 billion, which counts its debt. Its market value is $23 billion and its net debt is $17 billion. A leveraged buyout, meaning a purchase paid for largely with borrowed money, would be one of the largest ever, per the report. GTCR is already the company's largest shareholder.
Global Payments shares are near their lowest level in a decade. Investors criticized its 2025 deal to buy Worldpay from GTCR, a cash and stock deal valued at over $24 billion.
No price, terms or timeline have been reported. CD&R declined to comment to the FT. GTCR declined to comment to PYMNTS. Global Payments did not immediately reply to PYMNTS.
A card processor moves money from a customer's card to a business's bank account. If you take card payments through Global Payments, its owner could change. Nothing in the report says fees or terms would change. William Blair, a financial firm, said a deal could signal more mergers that leave the market without public traditional fintech companies.
If Global Payments handles your card sales, nothing changes yet, but keep an eye on any notice about new terms or fees.
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