spac Paysafe

Paysafe SPAC merger with BFT (Foley Trasimene Acquisition II)

News

Foley Trasimene Acquisition Corp. II (NYSE: BFT, BFT WS) (“Foley Trasimene”), a special purpose acquisition company, and Paysafe Group Holdings Limited (“Paysafe”), a leading integrated payments platform, today announced they have entered into a definitive agreement and plan of merger. Upon closure of this transaction, the newly combined company (the”Company”) will function as Paysafe and plans to list on the New York Stock Exchange (NYSE) under the symbol PSFE. The transaction reflects an implied pro-forma enterprise value for Paysafe of approximately $9 billion. Paysafe is a leading integrated payments platform, using a two-sided customer and merchant network, whose core purpose is to allow businesses and consumers around the globe to connect and transact easily through payment processing, electronic wallet, and internet cash solutions.

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