London's Paysafe to merge with Bill Foley-backed SPAC
December 8, 2020
Online payment services provider Paysafe has agreed to a reverse merger with Foley Trasimene Acquisition Corp. II, a special-purpose acquisition company backed by US investor Bill Foley. The combined entity would have an enterprise value of around $9 billion. London-based Paysafe is backed by Blackstone and CVC Capital Partners, who will retain stakes in the company following the deal.