Foley Trasimene Acquisition Corp. II Combines with Paysafe
December 7, 2020
Foley Trasimene Acquisition Corp. II has entered into a definitive merger agreement to combine with Paysafe Group Holdings Limited, creating a publicly listed Paysafe (PSFE) with an implied pro-forma enterprise value of approximately $9 billion. The transaction includes a $2.0 billion private placement (PIPE) from multiple institutional and private investors and is intended to de-lever the company and accelerate Paysafe's growth and M&A strategy.
- Buyers
- Foley Trasimene Acquisition Corp. II, Cannae Holdings, Inc., Fidelity National Title Insurance Co., Chicago Title Insurance Co., Commonwealth Land Title Insurance Co., Fidelity & Guaranty Life Insurance Co., Third Point LLC, Suvretta Capital Management, Hedosophia, Federated Hermes Kaufmann Funds, Blackstone, CVC Capital Partners
- Targets
- Paysafe Group Holdings Limited
- Industry
- Payments & Fintech
- Location
- England, United Kingdom
- Transaction Type
- Buyout
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