Hopkins & Carley’s Corporate, Tax & Business Transactions team recently advised Payment Processing, Inc. (PayPros) in its pending sale to Global Payments Inc. (NYSE: GPN). Under the terms of the agreement and pending regulatory approvals and customary closing conditions, Global Payments will pay $420 million in cash to acquire PayPros, inclusive of tax assets. The transaction is expected to close by the end of Global Payments’ 2014 fiscal year.
PayPros is a payments technology company, dedicated to delivering integrated payments solutions. Global Payments Inc. (NYSE: GPN) is a leading provider of payment processing services for merchants, value added resellers, financial institutions, government agencies, multi-national corporations and independent sales organizations located throughout North America, South America, Europe and the Asia-Pacific region. More information about the transaction can be found here.
