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FT Partners Advises Heartland on its $4.5 Billion Sale to Global Payments

Transaction Overview and Rationale

  • FT Partners served as strategic and financial advisor to Heartland Payment Systems (NYSE: HPY) in its landmark $4.5 billion sale to Global Payments (NYSE: GPN) for a combination of cash and stock
  • Global Payments will acquire Heartland for $100 per share, representing a total transaction value of approximately $4.5 billion
  • Consideration for the transaction will consist of 0.6687 shares of Global Payments stock and $53.28 for each share of Heartland stock at closing
  • This transaction creates the leading global provider of integrated payments technology solutions
  • This deal represents the largest U.S. strategic merchant acquiring acquisition in over a decade
  • Also represents the single largest U.S. strategic payment processing deal in the last 8 years
  • This transaction underscores FT Partners' continued leadership position as "advisor of choice" to the highest-quality companies in the FinTech space

Note: The $4.5 billion total consideration is based on price of GPN at time of closing; purchase price was originally announced as $4.3 billion