{
  "id": 19685899,
  "title": "Exclusive-CD&R, GTCR drop pursuit of Global Payments, sources say",
  "url": "https://urgent.news/2026/11/12/exclusive-cd-r-gtcr-drop-pursuit-of-global-payments-sources-say-19685899",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-12T17:12:36.000Z",
  "source": {
    "name": "CNA - Business",
    "slug": "cna-business",
    "url": "https://www.channelnewsasia.com/business/exclusive-cdr-gtcr-drop-pursuit-global-payments-sources-say-6547151"
  },
  "original_language": "en",
  "account": "Private equity firms CD&R and GTCR have abandoned their attempts to acquire payments processor Global Payments, according to two sources familiar with the situation. The two investment companies had been exploring a potential deal for several weeks before deciding to halt their efforts. The discussions did not progress due to the intricacies involved in executing a take-private transaction of this magnitude, leading the firms to pause their pursuit. The termination of the negotiations eliminates one of the most significant potential leveraged buyouts in the payments industry at a time when buyout firms are facing higher borrowing rates and more stringent financing conditions for large-scale deals. It remains uncertain whether CD&R and GTCR will revisit the talks with Global Payments in the future or if another potential buyer may emerge, sources suggested. CD&R has not responded to inquiries, while Global Payments and GTCR have not yet provided a comment. Global Payments, headquartered in Atlanta, is one of the world's largest payments processors, with a market value of approximately $26.4 billion. The company assists merchants in accepting card and digital payments and offers software and technology services to businesses. Global Payments has encountered challenges in recent years due to slower growth in some of its business segments, heightened competition, and investor pressure to enhance profitability. The company has already undergone changes, acquiring Worldpay from FIS and from GTCR for over $24 billion in April 2025, while simultaneously selling its issuer-solutions business to FIS. These moves aimed to concentrate Global Payments' focus on merchant services and expand its scale in payment processing. A takeover of Global Payments would have been one of the largest private equity transactions attempted this year. However, securing financing for deals of this size has proven challenging, especially in the face of market volatility and lenders' scrutiny of leverage levels for sizable buyouts. Earlier this year, a group consisting of Stripe and Advent International halted their pursuit of PayPal after submitting a bid valuing the payments company at more than $53 billion, according to Reuters.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}