Priority Technology to Be Acquired by Priority CEO-Led Investor Group in $1.6 Billion Take-Private Deal

Paul, Weiss is advising a special committee of independent and disinterested directors of Priority Technology Holdings, Inc., a payments and banking solutions provider, in Priority’s take-private agreement with an investor group led by the company’s chairman and CEO. The all-cash transaction represents an enterprise value of approximately $1.6 billion. 

The deal, to be financed in part by equity commitments from funds advised by Searchlight Capital Partners, L.P., is expected to close in the first half of 2027, subject to customary closing conditions.

The Paul, Weiss team is led by corporate partners Jeffrey Marell and Cullen Sinclair, and includes partners Suhan Shim, Alena Thomas, Tim Cruickshank and Patricia Vaz de Almeida; antitrust partners Ross Ferguson and Yuni Sobel; tax partner Lindsay Parks; real estate partner Peter Fisch; litigation partners Jaren Janghorbani and Daniel Gerkin, and counsel Audrey Paquet; executive compensation partner Linda Barrett and counsel Annie Anderson; intellectual property counsel Phil Grudzina; and environmental counsel William O’Brien.