CD&R pursues buyout of $40 billion payments processor Global Payments, FT reports

Oct 30 (Reuters) – Private equity firm CD&R is looking to ​acquire Global Payments, ‌which has an enterprise value of roughly $40 billion, the Financial Times ‌reported ​on Friday, ⁠citing people familiar ⁠with the matter.

CD&R has teamed up with private equity group ​GTCR, Global Payments’ biggest shareholder, on ⁠a joint ⁠bid for the ​payment processor, the report ​added.

Talks are ongoing and ‌a deal may not materialize, the FT said. Shares ⁠of the company rose 17% in afternoon trading.

Global Payments ⁠and ‌CD&R did not ⁠immediately respond ​to ‌Reuters requests for ​comment. Reuters ⁠could not independently verify the report.

(Reporting by Manya Saini in Bengaluru; Editing by Shailesh ​Kuber)