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Latest Information

Purchase and you will proceed to capital places likely to speed development, boost margins, and you can continue steadily to generate on Paysafe’s Yards&A strategy

Press announcements

Joint organization will work as Paysafe Minimal and can exchange into the the brand new York Stock-exchange underneath the Ticker PSFE

London, United kingdom and Vegas, NV – – Paysafe Category Holdings Limited, a leading certified money platform, and you can Foley Trasimene Order Corp. II (NYSE: BFT), (BFT WS) (“Foley Trasimene”), an alternative purpose acquisition providers, now revealed they own completed its in earlier times established merger. New merger try acknowledged at an alternate fulfilling from stockholders from Foley Trasimene on the . This new mutual providers today works since Paysafe Restricted (“Paysafe”) and you will Paysafe’s prominent offers and you will is deserving of will start trading on Nyc Stock market (NYSE) within the ticker signs “PSFE” and “PSFE.WS” respectively, carrying out tomorrow, .

Paysafe is actually a respected authoritative costs platform, which have a two-sided individual and provider network, whose center purpose should be to enable people and consumers inside the industry to get in touch and you can transact seamlessly thanks to payment control; digital purses like the Skrill and Neteller names; an internet-based dollars choices also paysafecard and you may Paysafecash.

William P. Foley, II, Founder and you can Chairman regarding Foley Trasimene often serve as President off Paysafe’s recently designed Panel out-of Administrators. Paysafe’s government cluster headed up by Philip McHugh, Chief executive officer, continues to head the brand new combined team. ?

William P. Foley, II, Founder and you will President from Foley Trasimene and you can President of Paysafe, stated, “Our company is pleased to complete the corporation combination having Paysafe and you will I’m in person happy to carry on to partner with Philip, Blackstone, CVC therefore the whole panel even as we continue to perform against our very own policy for accelerated and you can profitable progress. Paysafe has the correct possessions, people and you can method in place to help you take advantage of a tremendous chance for long-label value design from the money industry, particularly in iGaming that is most beginning to start across the usa.”

Philip McHugh, Ceo out of Paysafe, mentioned, “New closing from the deal and you can our very own checklist into The fresh new York Stock market is a big milestone to possess Paysafe and having to this point now is actually testament towards efforts and you will dedication of our own party all over the world. I’d in addition to need give thanks to Bill and Foley Trasimene team due to their support and you will religion inside our options, not forgetting Blackstone and CVC because of their continued capital and you may service. Our company is delighted becoming embarking on the next stage your progress trip due to the fact https://servicecashadvance.com/installment-loans-de/ a community company.”

Eli Nagler, an elder Controlling Movie director in the Blackstone, said: “Now is a big milestone for Paysafe and you may a great testament to the wonderful works of the business-class management cluster more years. We think Paysafe features a lengthy runway for additional increases and look forward to remaining part of the people and watching its went on achievements because the a community providers.”

Peter Rutland, a controlling Mate on CVC, told you, “We are pleased to own Paysafe as they start their second chapter as the a general public organization. By merging Paysafe’s leading alternatives in high-progress, official , today supplemented that have Expenses Foley’s track record of improving all-natural and you may inorganic increases, the organization is amazingly better-positioned to continue a strong development trajectory and construct worth having shareholders and all of other stakeholders.”

Borrowing from the bank Suisse acted since lead monetary mentor and you may investment segments advisor in order to Paysafe. Morgan Stanley and additionally acted as financial mentor so you’re able to Paysafe. BofA Securities, J.P. Morgan Ties LLC, Barclays, Wolfe Investment Markets and Advisory, BMO Financing Places and you can Evercore together with acted due to the fact investment segments advisers. Simpson Thacher & Bartlett LLP acted due to the fact legal advice to Paysafe. Proton Partners acted because the strategic mentor to Paysafe.