Global Payments targeted in potential $40B+ private equity buyout, FT reports

Global Payments is the target of a potential $40B+ buyout by Clayton, Dubilier & Rice, which has teamed up with GTCR, the company's largest shareholder, FT reports. The payments processor has a market value of roughly $23B and more than $17B in net debt. A deal including a takeover premium would rank among the largest leveraged buyouts in history. GTCR became Global Payments' largest outside shareholder through its 2025 Worldpay acquisition, a deal that drew investor criticism over increased debt and dilution. Global Payments shares subsequently fell to near-decade lows, attracting activist investor Elliott Management. Talks are ongoing, and no agreement has been reached.