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TSG’s Take: Global Payments’ Acquisition of EVO Payments

On Monday, August 1st, Global Payments announced that it would acquire EVO Payments in a deal valued at $4B. In their announcement, Cameron Bready, President and Chief Operating Officer, said, “The acquisition of EVO is highly complementary to our technology-enabled strategy and provides meaningful opportunities to increase scale in our business globally. Together with EVO, we are positioned to deliver an unparalleled suite of distinctive software and payment solutions to our combined 4.5 million merchant locations and more than 1,500 financial institutions worldwide.”

In light of this announcement, TSG experts have prepared a brief analysis focusing on several key topics: ISV and B2B inroads, new geographic markets, technology considerations, and cash availability/growth goals. Download →

Deal Facts

  • Global Payments announced on August 1st that it will acquire EVO Payments
  • The deal is valued at $4 billion
  • The combined entity will serve 4.5+ million merchants and 1,500+ financial institutions globally
  • The deal gives Global Payments access to new geographies, including Poland, Greece, and Chile
  • The deal is expected to drive $125+ million in EBITDA synergies within 2 years of closing
  • Global Payments is also receiving a $1.5 billion investment from Silver Lake Partners via convertible note

Global Payments Facts

  • Including the separately marketed merchant acquirers owned by Global Payments, Heartland and TSYS, TSG’s Directory of U.S. Merchant Acquirers ranks the company at #4 in total U.S. payment processing volume
  • TSG estimates Global Payments’ U.S. volume share to initially increase to 9% with the acquisition of EVO Payments (+1%)
  • Present in 170 countries
  • Ranked 407 on the Fortune 500
  • ~25,000 employees

EVO Payments Facts

  • TSG’s Directory of U.S. Merchant Acquirers ranks the company at #18 in total U.S. payment processing volume
  • Total worldwide volume of $100 billion, 550,000 merchant clients
  • Offices in 12 countries, touching 50 markets
  • 15 financial institution relationships
  • 1,500 integrations/partners with software systems including SAP, Microsoft, Oracle, Acumatica and Sage
  • ~2,400 employees

TSG M&A Support: TSG is actively assisting buyers on their acquisition objectives, and guiding potential sellers through extensive valuation exercises. Contact us to discuss your needs.

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