Paysafe Group has confirmed its intentions to re-list as a public company, following its takeover by US special purpose acquisition company ‘Foley Trasimene Acquisition Corp II’ for $9 billion.
This afternoon, Paysafe published its deal prospectus under the ownership of Foley Trasimene, the ‘blank cheque company’ formed by finance and sports magnet Bill Foley, to acquire the global multichannel payment services provider.
The SPAC acquisition has rocked the global payment sector as Foley serves as a director of Fidelity Information Services (FIS), the operating company of Paysafe competitor WorldPay.
Foley Trasimene will acquire the majority shareholdings in Paysafe from US private equity funds Blackstone Group and CVC Capital for a total transaction of $9 billion inclusive of corporate debt.