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BusinessQuiet 5d · day 5

Priority Technology CEO Priore to take payments firm private for $1.6B

Thomas Priore's investor group will pay $8.05 per share, a 65% premium, with Searchlight Capital backing the deal.

newest coverage 5d agosummary written 4d ago7 pieces Newswires

What to know

  • CEO Thomas Priore's investor group is acquiring Priority Technology for $1.6 billion, paying $8.05 per share—a 65% premium to the November 2025 unaffected price and 30% above his initial offer.
  • Searchlight Capital Partners is providing equity financing; the deal is not subject to financing conditions and is expected to close in the first half of 2027.
  • The special committee of independent directors unanimously approved the deal after arm's-length negotiations, securing a price significantly above the opening bid.
  • Priority Technology shares will be delisted from Nasdaq upon completion, subject to regulatory approvals and majority shareholder vote from non-affiliated holders.

“The group will pay $8.05 per share in cash for those it does not already own, representing a 65 per cent premium to the stock's unaffected price before the initial proposal was disclosed in November 2025.”

Priority Technology Holdings, Company announcement · Channel News Asia ↗

Thomas Priore Chairman and CEO of Priority TechnologyMichael Passilla Special Committee ChairSearchlight Capital Partners Equity financing partnerPriority Technology Holdings Target company

Priority Technology CEO Priore to take payments firm private for $1.6B
Quartz

How it unfolded 2 developments, newest first · click a bar or a number to jump articles

Peak 7 pieces in two hours at Sep 21, 7 AM; 7 pieces over 5 days (7 articles) Sep 21, 7 AM — 7 pieces · 7 articles — Newswires 7Sep 21, 9 AM — quietSep 21, 11 AM — quietSep 21, 1 PM — quietSep 21, 3 PM — quietSep 21, 5 PM — quietSep 21, 7 PM — quietSep 21, 9 PM — quietSep 21, 11 PM — quietSep 22, 1 AM — quietSep 22, 3 AM — quietSep 22, 5 AM — quietSep 22, 7 AM — quietSep 22, 9 AM — quietSep 22, 11 AM — quietSep 22, 1 PM — quietSep 22, 3 PM — quietSep 22, 5 PM — quietSep 22, 7 PM — quietSep 22, 9 PM — quietSep 22, 11 PM — quietSep 23, 1 AM — quietSep 23, 3 AM — quietSep 23, 5 AM — quietSep 23, 7 AM — quietSep 23, 9 AM — quietSep 23, 11 AM — quietSep 23, 1 PM — quietSep 23, 3 PM — quietSep 23, 5 PM — quietSep 23, 7 PM — quietSep 23, 9 PM — quietSep 23, 11 PM — quietSep 24, 1 AM — quietSep 24, 3 AM — quietSep 24, 5 AM — quietSep 24, 7 AM — quietSep 24, 9 AM — quietSep 24, 11 AM — quietSep 24, 1 PM — quietSep 24, 3 PM — quietSep 24, 5 PM — quietSep 24, 7 PM — quietSep 24, 9 PM — quietSep 24, 11 PM — quietYesterday, 1 AM — quietYesterday, 3 AM — quietYesterday, 5 AM — quietYesterday, 7 AM — quietYesterday, 9 AM — quietYesterday, 11 AM — quietYesterday, 1 PM — quietYesterday, 3 PM — quietYesterday, 5 PM — quietYesterday, 7 PM — quietYesterday, 9 PM — quietYesterday, 11 PM — quietToday, 1 AM — quietToday, 3 AM — quietToday, 5 AM — quietToday, 7 AM — quietToday, 9 AM — quietToday, 11 AM — quietToday, 1 PM — quiet 1–2
Sep 22Sep 23Sep 24yesterdaynow · 3:15 PM ET
  1. 2

    Searchlight Capital Partners provides equity commitments for acquisition

    Funds advised by Searchlight Capital Partners, a global private investment firm with $17 billion in assets under management, have committed equity to finance the deal, which is not subject to financing conditions.

    “After a comprehensive evaluation of the proposal, a rigorous valuation analysis, and extensive negotiations with Tom and his affiliates, we are delivering a transaction that provides compelling and certain value to Priority's unaffiliated stockholders.”
    — Michael Passilla, Special Committee Chair · source
  2. 1

    Priority board approves CEO-led buyout at $8.05 per share

    Priority Technology agreed to be taken private by Priore's investor group in a deal valued at $1.6 billion enterprise value. The group will pay $8.05 per share in cash for shares it does not already own, representing a 65% premium to the unaffected price of November 7, 2025, and more than 30% above Priore's initial offer of $6 to $6.15 per share.

    1. 4 outlets Priority Technology CEO to take company private in $1.6B deal

      first by Seeking Alpha, 5d ago · also Yahoo Finance, WSJ Markets, WSJ US Business

      1 more headline
    2. 3 outlets Priority Technology to go private in $1.6 billion CEO-led deal

      first by Channel News Asia, 5d ago · also Yahoo Finance, Quartz

      2 more headlines
  3. background

    Priore files Schedule 13D affirming no plans to sell shares — In a Schedule 13D filing, Priore informs the special committee he has no plans to sell his shares in the company to an outside buyer.

  4. background

    Priore proposes to take Priority Technology private — Chairman and CEO Thomas Priore makes an initial acquisition proposal to the board, which becomes publicly disclosed by early December.