CD&R and GTCR abandon Global Payments buyout talks
Clayton, Dubilier & Rice (CD&R) and GTCR have abandoned discussions to acquire US payments processor Global Payments, after exploring a potential take-private transaction over recent weeks, according to a report by Reuters. The firms reportedly suspended their pursuit following difficulties associated with structuring and financing a transaction of this scale. Global Payments, which has a market…
Clayton, Dubilier & Rice (CD&R) and GTCR have called off their talks to acquire US payments processor Global Payments, according to Reuters. The firms ended their pursuit of the deal after encountering challenges in structuring and financing a transaction of such magnitude. Global Payments, valued at around $26.4bn, would have been one of the biggest leveraged buyouts of 2026.
The decision to halt talks follows broader difficulties in financing significant private equity acquisitions, driven by high borrowing costs, market volatility, and increased scrutiny from lenders. However, CD&R and GTCR may reconsider their stance in the future, while other potential buyers could also come forward. In April 2025, Global Payments finalized a $24.3bn acquisition of Worldpay from FIS, along with the sale of its issuer-solutions division to FIS.
Meanwhile, the aborted acquisition talks follow the withdrawal of a competing offer for PayPal by Stripe and Advent International earlier this year, which had valued the company above $53bn.
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