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Shared business will services as Paysafe Limited and can trade on the fresh new York Stock market according to the Ticker PSFE

London area, Uk and you can Las vegas, NV – – Paysafe Group Holdings Minimal, a number one formal money system, and you will Foley Trasimene Acquisition Corp. II (NYSE: BFT), (BFT WS) (“Foley Trasimene”), another goal order organization, now revealed they own complete their in past times established merger. The fresh merger is actually accepted in the a special conference off stockholders out of Foley Trasimene to the . The latest combined company today operates just like the Paysafe Limited (“Paysafe”) and Paysafe’s common shares and you will warrants begins trade towards New york Stock market (NYSE) under the ticker icons “PSFE” and you can “PSFE.WS” respectively, carrying out tomorrow, .

Paysafe is a leading certified money system, with a-two-sided user and supplier system, whoever center goal is to try to allow companies and you will users inside the community for connecting and you will transact effortlessly owing to commission running; digital wallets for instance the Skrill and you may Neteller names; and online bucks solutions and paysafecard and you may Paysafecash.

William P. Foley, II, Founder and you will Chairman out-of Foley Trasimene usually act as Chairman out-of Paysafe’s newly molded Panel off Directors. Paysafe’s government party lead right up by Philip McHugh, President, will continue to head the fresh shared organization. ?

William P. Foley, II, Inventor and you may Chairman regarding Foley Trasimene and you may President of Paysafe, stated, “We’re very happy to over this provider combination with Paysafe and I am yourself delighted to carry on to work alongside Philip, Blackstone, CVC therefore the entire board as we continue to perform facing the policy for expidited and you can successful increases. Paysafe has got the correct possessions, class and you may approach in place so you can capitalize on a significant chance for long-identity worth design on costs community, particularly in iGaming which is most beginning to start round the the usa.”

Philip McHugh, President of Paysafe, stated, “Brand new closing of purchase and you may our very own number on the The new York Stock exchange is a big milestone to own Paysafe and having until now today is actually testament towards persistence and you will persistence in our class around the globe. I’d and need to thank Costs and Foley Trasimene team due to their support and you may trust in our possibility, not to mention Blackstone and CVC for their proceeded resource and you can assistance. Our company is thrilled getting getting into the next level in our progress trip once the a community team.”

Eli Nagler, a senior Managing Manager on Blackstone, said: “Today is a huge milestone to own Paysafe and an effective testament in order to the excellent work of the business-class government team more ten years. We feel Paysafe provides a long runway for further growth and you will look ahead to remaining a portion of the party and viewing the continued success since the a general public company.”

Peter Rutland, a controlling Spouse on CVC, told you, “The audience is pleased getting Paysafe because they begin their next part while the a public business. Because of the merging Paysafe’s best options within the higher-gains, certified , today formulated with Statement Foley’s history of increasing organic and inorganic progress, this company is amazingly well-organized to carry on a powerful development trajectory and create worth to own shareholders and all sorts of most other stakeholders.”

Borrowing Suisse acted because the direct monetary mentor and you may capital locations advisor in order to Paysafe. Morgan Stanley together with acted as financial advisor to Paysafe. BofA Ties, J.P. Morgan Ties LLC, Barclays, Wolfe Financing Locations and you may Advisory, BMO Funding Places and you take a look at the web site here can Evercore and additionally acted as resource areas advisers. Simpson Thacher & Bartlett LLP acted once the legal services to Paysafe. Proton Partners acted as strategic mentor so you can Paysafe.