Paysafe Finishes Organization Consolidation that have Foley Trasimene Acquisition Corp. II

Paysafe Finishes Organization Consolidation that have Foley Trasimene Acquisition Corp. II

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Deal and proceed to funding locations expected to speed increases, augment margins, and you may consistently make up on Paysafe’s M&A technique

Press announcements

Combined company tend to jobs just like the Paysafe Limited and certainly will exchange towards the brand new York Stock-exchange within the Ticker PSFE

London area, British and you will Las vegas, NV – – Paysafe Group Holdings Minimal, a number one authoritative repayments platform, and you can Foley Trasimene Purchase Corp. II (NYSE: BFT), (BFT WS) (“Foley Trasimene”), an alternate mission buy business, today established they’ve done its prior to now launched merger. The new merger was recognized during the a different fulfilling from stockholders off Foley Trasimene for the . The fresh new mutual company today works while the Paysafe Minimal („Paysafe“) and you will Paysafe’s common shares and you may warrants begins trading to the Nyc Stock market (NYSE) in ticker icons “PSFE” and you may “PSFE.WS” correspondingly, creating tomorrow, .

Paysafe is the leading formal repayments platform, that have a two-sided consumer and you may supplier network, whoever core mission will be to permit organizations and you can consumers around the industry to connect and transact seamlessly as a consequence of payment control; digital purses such as the Skrill and you may Neteller brands; and online cash possibilities including paysafecard and you may Paysafecash.

William P. Foley, II, Maker and you can President out of Foley Trasimene often act as Chairman out of Paysafe’s freshly formed Panel off Administrators. Paysafe’s management team headed right up of the Philip McHugh, President, will continue to head brand new shared team. ?

William P. Foley, II, Creator and you may Chairman of Foley Trasimene and you can Chairman out of Paysafe, stated, “We’re thrilled to over this company integration with Paysafe and I’m individually happy to carry on to work with Philip, Blackstone, CVC while the entire panel even as we still do facing our very own arrange for accelerated and profitable gains. Paysafe gets the best property, group and you will means in place in order to benefit from a tremendous options for very long-name well worth design on the repayments world, particularly in iGaming that is really start to open up across the us.”

Philip McHugh, Ceo off Paysafe, said, “The new closing in the exchange and you will all of our list with the The fresh new York Stock exchange is a big milestone to have Paysafe and getting until now today is actually testament to the hard work and you will persistence in our cluster around the globe. I’d along with wish thank Expenses plus the Foley Trasimene class due to their backing and you can faith within possibility, as well as Blackstone and CVC because of their continued capital and you may assistance. We have been happy is starting the next stage in our growth excursion as the a general public team.”

Eli Nagler, an elderly Managing Movie director at Blackstone, said: “Today is a huge milestone for Paysafe and you may a great testament in order to the excellent works of the world-group administration group over several years. We think Paysafe features a lengthy runway for further progress and you will enjoy remaining area of the cluster and you can watching the went on victory because the a community providers.”

Peter Rutland, a regulating Spouse at CVC, told you, “The audience is pleased getting Paysafe because they begin the second part as the a public organization. Because of the consolidating Paysafe’s best choices into the higher-growth, specialized , today formulated with Bill Foley’s history of boosting all-natural and you will inorganic increases, this company is incredibly better-positioned to continue a strong progress trajectory and construct really worth to have investors as well as most other stakeholders.”

Borrowing from the bank Suisse acted just like the lead economic advisor and funding avenues mentor to Paysafe. Morgan Stanley together with acted since the monetary advisor so you can Paysafe. BofA Bonds, J.P. Morgan Bonds LLC, Barclays, Wolfe Financing Areas and you will Advisory, BMO Investment Markets and Evercore plus acted as the capital avenues advisors. Simpson Thacher & Bartlett LLP acted since the legal counsel in order to Paysafe. Proton Couples acted as proper advisor so you can Paysafe.