LBOFinancial ServicesRUMOURED
CD&R Pursues Buyout of Global Payments
Value
$40.0Bn
Acquirer
CD&R
Target
Global Payments
CD&R is pursuing a buyout of US card processor Global Payments. The potential transaction for the company is valued at $40 billion and would rank among the largest buyouts in history.
✦ Meridian Analysis
CD&R is reported to be pursuing a buyout of Global Payments, the U.S. card‑processing group. The deal is at the rumour stage. In a leveraged buyout, the sponsor typically provides equity and arranges debt financing, which is secured against the target’s cash flow and assets.
The potential $40 billion valuation would place the transaction among the biggest buyouts ever recorded.
What remains undisclosed are the exact purchase price, the equity multiple, the composition of the debt package, the identities of financial advisers and lenders, and any antitrust or other regulatory clearances required. Observers will watch for a formal indication of interest, a term sheet, and the timeline for shareholder and regulatory approvals, all of which will shape the final structure and execution of the transaction.
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