CD&R TARGETS $40B BUYOUT OF GLOBAL PAYMENTS

Summary from the TLDR Fintech newsletter

Private equity firm CD&R is reportedly working with Global Payments' largest shareholder, GTCR, on a potential take-private of the payments processor, which has an enterprise value of about $40 billion. The talks come after Global Payments' $22.7 billion Worldpay acquisition drew investor criticism and activist pressure, making a private-equity-led reset a possible next step if a deal materializes.