Priority Technology to go private in $1.6 billion CEO-led deal
Payments and banking solutions provider Priority Technology Holdings said it had agreed to be taken private by a group led by Chairman and CEO Thomas Priore in a deal valued at about $1.6 billion. The group will pay $8.05 per share in cash for those it does not already own, representing a 65% premium to the stock's unaffected price before the initial proposal was disclosed in November 2025. Funds advised by Searchlight Capital Partners have provided equity commitments for the acquisition.
6 billion. 05 per share in cash for those it does not already own, representing a 65% premium to the stock's unaffected price before the initial proposal was disclosed in November 2025. 15 per share. Funds advised by Searchlight Capital Partners have provided equity commitments for the acquisition.
The transaction was unanimously recommended by a special committee of independent directors following a review conducted with its legal and financial advisers. 25 million reverse-termination fee payable by the buyer. The transaction is expected to close in the first half of 2027. com;)