Apollo Global Management has led a private equity consortium in the acquisition of a leading European payment processing company in a transaction valued at approximately $7.2 billion, including debt.
The deal represents one of the largest private equity buyouts in the European fintech sector this year and underscores continued institutional appetite for payment infrastructure assets.
"Payment processing is critical infrastructure for the digital economy," said the Apollo partner leading the transaction. "This business sits at the intersection of secular growth trends in digital payments, e-commerce, and cross-border transactions."
The target company processes over 15 billion transactions annually across 30 European markets, serving both enterprise merchants and financial institutions.
The acquisition is expected to close by Q3 2026, subject to regulatory approvals from competition authorities in the EU, UK, and Switzerland.