Global Payments to acquire EVO in $4 billion deal to expand in B2B segment

:Global Payments Inc said on Monday it would buy smaller peer EVO Payments Inc for nearly $4 billion including debt, as the fintech firm seeks to expand its footprint in the business-to-business space.

Companies such as EVO strive to digitiseand streamline B2B payments which are usually more complex than business-to-consumer payments as they involve dealing with several domestic and overseas merchants.The deal would give Georgia-based Global Payments access to new markets including Poland, Germany, Chile and Greece and also help scale-up its business in existing markets such as the United States and Canada, the company said.

EVO has a sizable presence in Europe which accounted for nearly 40 per cent of its revenue in the first three months this year. The offer of $34 per share is at a 24 per cent premium to EVO stock's last close. The deal is expected to close by the first quarter of 2023, the company said. Global Payments said it would also receive a $1.5 billion investment from private equity firm Silver Lake in the form of convertible notes.

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Global Payments to acquire EVO in $4 billion deal to expand in B2B segment:Global Payments Inc said on Monday it would buy smaller peer EVO Payments Inc for nearly $4 billion including debt, as the payments tech company expands its footprint in the business-to-business space.The deal would give Georgia-based Global Payments access to new markets including Poland, Germany, Chile and
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Global Payments to acquire EVO in $4 billion deal to expand in B2B segment:Global Payments Inc said on Monday it would buy smaller peer EVO Payments Inc for nearly $4 billion including debt, as the payments tech company expands its footprint in the business-to-business space.The deal would give Georgia-based Global Payments access to new markets including Poland, Germany, Chile and
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