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 Greece, the company said.

The offer of $34 per share is at a 24 per cent premium to EVO'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.