Paysafe Completes Providers Integration that have Foley Trasimene Acquisition Corp. II

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Exchange and you can proceed to capital markets expected to speeds progress, enhance margins, and still create abreast of Paysafe’s Meters&A strategy

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Mutual providers commonly jobs because the Paysafe Limited and can exchange towards the the newest York Stock market in Ticker PSFE

London, British and you can Las vegas, NV – – Paysafe Class Holdings Minimal, a prominent certified repayments system, and Foley Trasimene Acquisition Corp. II (NYSE: BFT), (BFT WS) (“Foley Trasimene”), another mission order company, now announced that they have accomplished the prior to now established merger. The latest merger are accepted within a separate conference of stockholders regarding Foley Trasimene towards . This new shared company today operates as Paysafe Minimal (“Paysafe”) and you may Paysafe’s common shares and you may deserves will start change on New york Stock market (NYSE) beneath the ticker signs “PSFE” and “PSFE.WS” respectively, starting the next day, .

Paysafe are a prominent certified costs platform, having a two-sided user and you can vendor system, whoever key mission will be to allow enterprises and you will people in the globe to connect and you may transact seamlessly as a result of payment running; digital purses for instance the Skrill and you will Neteller labels; and online bucks options as well as paysafecard and you may Paysafecash.

William P. Foley, II, Founder and you may President from Foley Trasimene have a tendency to serve as Chairman off Paysafe’s freshly designed Panel out-of Directors. Paysafe’s management people going right up by Philip McHugh, Ceo, will continue to head the new joint team. ?

William P. Foley, II, Creator and you will President out-of Foley Trasimene and Chairman out-of Paysafe, mentioned, “We have been thrilled to over this business consolidation that have Paysafe and you will I’m actually delighted to continue to work well with Philip, Blackstone, CVC in addition to whole panel once we consistently execute facing all of our policy for expidited and you can effective progress. Paysafe contains the right assets, group and means in position so you can exploit a significant chance for very long-label really worth development from the costs industry, particularly in iGaming which is very beginning to start all over the usa.”

Philip McHugh, Ceo off Paysafe, mentioned, “The fresh closing on the exchange and you can the checklist on The newest York Stock exchange is a huge milestone getting Paysafe and obtaining up to now today are testament on the perseverance and you can dedication of one’s team worldwide. I would personally and need thank Costs and also the Foley Trasimene team because of their support and you can trust within options, and additionally Blackstone and you will CVC due to their went on resource and support. We have been thrilled to be embarking on the next level of one’s development excursion since the a general public providers.”

Eli Nagler, an elderly Managing Movie director within Blackstone, said: “Today is a huge milestone to have Paysafe and you can an effective testament so you’re able to the wonderful really works of the globe-class government team more several years. We believe Paysafe has a long runway for further progress and you may look forward to remaining the main class and seeing the proceeded success as a community business.”

Peter Rutland, a regulating Lover from the CVC, told you, “The audience is happier to have Paysafe because they start its next part once the a public providers. From the merging Paysafe’s leading solutions site there when you look at the high-growth, formal , today formulated which have Statement Foley’s track record of enhancing natural and you may inorganic progress, this company is amazingly better-positioned to carry on a robust development trajectory and build worth to have shareholders and all almost every other stakeholders.”

Borrowing Suisse acted as direct monetary mentor and financing areas mentor so you’re able to Paysafe. Morgan Stanley plus acted since economic coach to help you Paysafe. BofA Bonds, J.P. Morgan Securities LLC, Barclays, Wolfe Money Places and you will Advisory, BMO Financing Locations and you may Evercore also acted because the financial support markets advisers. Simpson Thacher & Bartlett LLP acted once the legal advice so you’re able to Paysafe. Proton Partners acted once the proper mentor so you’re able to Paysafe.