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Paysafe Readies $9 Billion IPO Via SPAC

PYMNTS

Paysafe is backed by Blackstone and CVC Capital Partners , and the deal with Foley Trasimene Acquisition Corp II is set to create an entity worth around $9 billion, according to sources quoted by Bloomberg. The SPAC is likely to raise around $1 billion in new equity to bolster the transaction.

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Amid CVC/Blackstone Paysafe Bid, Paysafe Makes Its Own Acquisitive Moves

PYMNTS

As reported Friday (July 21), American multinational financial services firm Blackstone and private equity firm CVC Capital Partners have bid to acquire payments processor Paysafe Group. The price tags attached to the deals were reported as $3.7 billion and $470 million, respectively.

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