FinTech takepayments has been acquired in a deal reportedly worth around £200 million.
Nasdaq-listed Global Payments now owns more than 75% of the Stockport-headquartered company, according to a filing on Companies House.
A Reuters report earlier this year said talks were ongoing about a deal which valued takepayments at $250m.
Private equity house Grovepoint bought a majority stake in takepayments, then known as Payzone UK, in 2016. It facilitates card payments to small businesses via card machines, point-of-sale systems and online payment solutions.
takepayments says it works with over 75,000 merchants. The company increased turnover from £40.8m in 2021 to £52.7m in 2022. It has further bases in Grimsby and London.
takepayments, led by CEO Clive Kahn since 2015, featured on our recent GM 125 Rising Stars of Business list, supported by GM Business Growth Hub.
Global Payments, based in Atlanta, Georgia, provides payment tech and services to merchants. Aiming to expand its international footprint, it generates around $2.5bn revenue every quarter.
Its UK headquarters is in Leicester, while it also has a base in Dublin, Ireland.
BusinessCloud has approached both takepayments and Global Payments for further details.