CD&R, GTCR put Global Payments takeover talks on hold- report

Private equity firms CD&R and GTCR have reportedly paused their pursuit of payments processor Global Payments, after early-stage discussions did not advance due to the complexity of arranging a take-private transaction of this magnitude. The firms may revisit discussions at a later date, or another potential buyer could emerge for Global Payments, which has a market capitalisation of approximately $26.4bn. This development follows other notable abandoned acquisition talks in the payments sector this year, including Western Union's planned acquisition of Intermex and Advent International and Stripe's pursuit of PayPal.