M&A Deal Summary

Global Payments Acquires EVO

On August 1, 2022, Global Payments acquired information technology company EVO from Madison Dearborn Partners for 4.0B USD

Acquisition Highlights
  • This is Global Payments’ 10th transaction in the Information Technology sector.
  • This is Global Payments’ 3rd largest (disclosed) transaction.
  • This is Global Payments’ 13th transaction in the United States.
  • This is Global Payments’ 2nd transaction in Georgia.

M&A Deal Summary

Date 2022-08-01
Target EVO
Sector Information Technology
Buyer(s) Global Payments
Sellers(s) Madison Dearborn Partners
Deal Type Add-on Acquisition
Deal Value 4.0B USD
Advisor(s) Citigroup Investment Banking (Financial)
King & Spalding LLP (Legal)

Target

EVO

Atlanta, Georgia, United States
website
EVO is a payment technology and services provider that offers an array of innovative, reliable, and secure payment solutions to merchants across the globe EVO was founded in 1989 and is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

Global Payments

Atlanta, Georgia, United States

website


Category Company
Founded 1967
Sector Financial Services
Employees27,000
Revenue 9.7B USD (2023)
DESCRIPTION
View of Global Payments' corporate headquarters in Atlanta, Georgia.
View of Global Payments' corporate headquarters in Atlanta, Georgia.

Global Payments is a worldwide provider of payment technology services. The Company's payment solutions enables merchant customers to accept card, electronic, check and digital-based payments at the point of sale. Global Payments' primary business model provides payment services directly to merchants as customers. Global Payments was founded in 1967 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 20 of 20
Sector (Information Technology) 10 of 10
Type (Add-on Acquisition) 19 of 19
State (Georgia) 2 of 2
Country (United States) 13 of 13
Year (2022) 1 of 1
Size (of disclosed) 3 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-01 Global Payments - Netspend Consumer Business

Atlanta, Georgia, United States

Netspend is a prepaid and debit card space serving millions of customers nationwide, processing hundreds of billions of dollars of cardholder purchases, and established the largest retail partner network with over 130,000 locations nationwide where consumers can load their prepaid and debit card products. Netspend’s consumer products are also available online via direct-to-consumer mobile and web channels.

Sell $1.0B

Seller(S) 1

SELLER

Madison Dearborn Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1992
PE ASSETS 28.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Madison Dearborn Partners (MDP) is a large private equity firm that targets buyouts of private or publicly held companies, divestitures of larger companies, recapitalizations of family-owned or closely-held companies, acquisition-oriented financings, and financings to fund internal growth. MDP's target investment size is $100 to $600 million in buyout oriented transactions and $100 to $400 million in growth capital commitments. Areas of interest include basic industries (natural resources, chemicals, energy and power, automotive, building products, food, metals and mining, refining, paper, packaging and forest products, and general manufacturing), as well as communications, consumer products/services, financial services, and healthcare. Madison Dearborn Partners was formed in 1992 and is based in Chicago, Illinois.


DEAL STATS #
Overall 67 of 70
Sector (Information Technology) 5 of 6
Type (Add-on Acquisition) 29 of 31
State (Georgia) 6 of 6
Country (United States) 59 of 62
Year (2022) 2 of 3
Size (of disclosed) 4 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-12 Unison

Dulles, Virginia, United States

Unison is a provider of purpose-built procurement and contract management software solutions to U.S. federal government agencies and government contractors. All software development and support are done within the USA. For over 30 years, Unison has continually advanced software and insight solutions to help Federal programs efficiently achieve their missions. Unison was founded in 1983 and is based in Dulles, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-08 Alcami

Wilmington, North Carolina, United States

Alcami is a fully-integrated end-to-end contract development and manufacturing organization. Alcami serves pharmaceutical and biotech companies of all sizes providing customizable and innovative solutions for analytical development, clinical to commercial sterile and oral solid manufacturing, packaging, microbiology, cGMP biostorage, environmental monitoring, and pharmaceutical support services. Alcami was founded in 1979 and is based in Wilmington, North Carolina.

Sell -