Key facts
- CD&R is reportedly exploring a buyout of Global Payments.
- Global Payments has an enterprise value of approximately $40 billion.
- CD&R has partnered with GTCR, Global Payments' largest shareholder, for a joint bid.
- Shares of Global Payments rose 17% in afternoon trading.
CD&R is reportedly considering acquiring Global Payments, a payments processor with an enterprise value of approximately $40 billion, according to the Financial Times. The private equity firm has joined forces with GTCR, Global Payments' largest shareholder, to form a joint bid for the company. The report indicated that discussions are ongoing and a deal may not come to fruition. Shares of Global Payments saw a significant increase of 17% in afternoon trading following the news. Neither Global Payments nor CD&R immediately responded to requests for comment.