Paysafe Finishes Providers Combination that have Foley Trasimene Buy Corp. II

Paysafe Finishes Providers Combination that have Foley Trasimene Buy Corp. II

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Current Reports

Deal and you will relocate to financing areas expected to speed progress, enhance margins, and you can consistently build upon Paysafe’s Meters&A method

Pr announcements

Mutual organization usually services just like the Paysafe Restricted and certainly will trade for the the fresh new York Stock-exchange beneath the Ticker PSFE

London area, United kingdom and Las vegas, NV – – Paysafe Category Holdings Minimal, a respected authoritative payments platform, and Foley Trasimene Order Corp. II (NYSE: BFT), (BFT WS) (“Foley Trasimene”), a new mission order organization, today announced they have finished their before announced merger. This new merger is actually accepted on a separate appointment away from stockholders out of Foley Trasimene with the . The fresh combined team now works because the Paysafe Restricted (“Paysafe”) and you can Paysafe’s prominent shares and you may warrants will begin trade with the Ny Stock-exchange (NYSE) underneath the ticker symbols Kentucky installment loans bad credit direct lender “PSFE” and “PSFE.WS” correspondingly, performing tomorrow, .

Paysafe try a respected official payments platform, having a-two-sided individual and vendor system, whose center goal will be to permit companies and you may consumers within world for connecting and you may transact effortlessly owing to commission processing; digital wallets such as the Skrill and you may Neteller names; and online bucks solutions along with paysafecard and Paysafecash.

William P. Foley, II, Inventor and you will President away from Foley Trasimene will serve as President out of Paysafe’s freshly shaped Panel out of Administrators. Paysafe’s management class went right up by the Philip McHugh, President, will continue to head the latest combined team. ?

William P. Foley, II, Founder and you will Chairman regarding Foley Trasimene and you will President away from Paysafe, said, “The audience is pleased to over this business combination having Paysafe and you may I’m physically delighted to carry on to work with Philip, Blackstone, CVC and the whole panel while we continue steadily to play facing our policy for accelerated and you will successful gains. Paysafe gets the best property, party and you may strategy positioned in order to exploit a tremendous chance for very long-identity well worth design regarding the costs globe, particularly in iGaming that’s extremely beginning to open across the us.”

Philip McHugh, President off Paysafe, stated, “The newest closure on the exchange and the listing toward The brand new York Stock market is a big milestone to have Paysafe and receiving until now now is actually testament into the effort and you can hard work in our people around the globe. I would personally including want to thank Costs in addition to Foley Trasimene class because of their support and religion within our chance, and Blackstone and you will CVC due to their continued investment and you will help. We are thrilled is starting the next level of our own increases journey once the a community team.”

Eli Nagler, a senior Handling Manager at the Blackstone, said: “Now is a significant milestone for Paysafe and you may a beneficial testament to help you the excellent functions of its globe-group government cluster over ten years. We think Paysafe possess a lengthy runway for further gains and you may look forward to remaining a portion of the team and viewing its went on achievements as the a general public company.”

Peter Rutland, a controlling Partner on CVC, told you, “Our company is pleased having Paysafe while they start their second chapter as a general public business. From the merging Paysafe’s leading possibilities inside large-progress, official , now supplemented which have Statement Foley’s track record of boosting normal and inorganic growth, the firm is amazingly really-positioned to carry on an effective growth trajectory and construct really worth getting investors and all of other stakeholders.”

Credit Suisse acted since lead financial advisor and you will investment markets mentor to Paysafe. Morgan Stanley and additionally acted as the monetary advisor to Paysafe. BofA Ties, J.P. Morgan Ties LLC, Barclays, Wolfe Resource Areas and Consultative, BMO Financing Areas and you can Evercore and acted once the funding avenues advisors. Simpson Thacher & Bartlett LLP acted given that legal services to help you Paysafe. Proton Partners acted given that proper advisor so you’re able to Paysafe.