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CD&R, GTCR abandon Global Payments buyout talks
The discussions remained preliminary, with the complexity of arranging a deal for the payments processor preventing progress, two people said.
Private equity firms CD&R and GTCR have stopped pursuing an acquisition of Global Payments following weeks of discussions, two people with knowledge of the matter said on November 12. They said difficulties structuring a take-private transaction of this size had kept negotiations from advancing.
Global Payments has a market value of about $26.4 billion. A buyout would have placed it among the biggest private equity transactions attempted this year, as higher borrowing costs and difficult financing conditions constrain large deals.
The people left open the possibility of renewed negotiations involving CD&R and GTCR, or interest from another buyer. CD&R declined comment. Neither GTCR nor Global Payments immediately provided a response to requests seeking comment.
The Atlanta-based processor supplies businesses with software and technology services and enables merchants to accept digital and card payments. Slowing growth across some operations, rising competition and investor pressure for better profitability have weighed on the company.
In April 2025, Global Payments agreed to purchase Worldpay from GTCR and FIS through a transaction worth more than $24 billion. It also struck an agreement to divest its issuer-solutions operation to FIS. The transactions were intended to put greater emphasis on merchant services and enlarge its payment-processing business.