Paysafe Completes Small business Mixture with Foley Trasimene Acquisition Corp. II

~ Transaction and shift to funds marketplaces anticipated to accelerate progress, greatly enhance margins, and keep on to construct upon Paysafe’s M&A method ~

~ Put together business will operate as Paysafe Restricted and will trade on the New York Stock Exchange beneath the Ticker PSFE ~

Paysafe Group Holdings Constrained, a foremost specialized payments platform, and Foley Trasimene Acquisition Corp. II (NYSE: BFT), (BFT WS) (“Foley Trasimene”), a specific purpose acquisition company, these days declared that they have completed their beforehand introduced merger. The merger was authorized at a special conference of stockholders of Foley Trasimene on March 25, 2021, and shut these days, March 30, 2021. The merged organization now operates as Paysafe Limited (“Paysafe”) and Paysafe’s popular shares and warrants will start out investing on the New York Inventory Trade (NYSE) below the ticker symbols “PSFE” and “PSFE.WS” respectively, setting up tomorrow, March 31, 2021.

Paysafe is a leading specialized payments platform, with a two-sided shopper and service provider network, whose main objective is to permit firms and consumers around the globe to connect and transact seamlessly by means of payment processing digital wallets like the Skrill and Neteller brand names and on line hard cash remedies such as paysafecard and Paysafecash.

William P. Foley, II, Founder and Chairman of Foley Trasimene will provide as Chairman of Paysafe’s freshly fashioned Board of Administrators. Paysafe’s administration group headed up by Philip McHugh, CEO, will continue to lead the put together enterprise.¹

William P. Foley, II, Founder and Chairman of Foley Trasimene and Chairman of Paysafe, said, “We are thrilled to finish this small business mixture with Paysafe and I am personally energized to keep on to do the job with Philip, Blackstone, CVC and the whole board as we go on to execute towards our system for accelerated and successful expansion. Paysafe has the proper belongings, crew and system in location to capitalize on a tremendous chance for very long-expression price creation in the payments marketplace, particularly in iGaming which is seriously beginning to open up up throughout the United States.”

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Philip McHugh, CEO of Paysafe, mentioned, “The closing of this transaction and our listing on the New York Stock Exchange is a large milestone for Paysafe and having to this position these days is testament to the tough do the job and determination of our staff around the environment. I would also like to thank Bill and the Foley Trasimene crew for their backing and perception in our prospect, and of program Blackstone and CVC for their ongoing investment decision and aid. We’re thrilled to be embarking on the subsequent stage of our development journey as a community firm.”

Eli Nagler, a Senior Handling Director at Blackstone, explained: “Nowadays is a significant milestone for Paysafe and a testomony to the excellent perform of their planet-course administration crew in excess of several a long time. We consider Paysafe has a lengthy runway for even more advancement and seem ahead to remaining aspect of the team and observing their ongoing accomplishment as a public corporation.”

Peter Rutland, a Taking care of Lover at CVC, explained, “We are delighted for Paysafe as they start off their future chapter as a public firm. By combining Paysafe’s foremost alternatives in substantial-development, specialised markets with Paysafe’s seasoned administration workforce, now supplemented with Monthly bill Foley’s observe record of maximizing natural and organic and inorganic expansion, this enterprise is exceptionally perfectly-positioned to carry on a solid growth trajectory and produce value for shareholders and all other stakeholders.”

Advisors

Credit history Suisse acted as lead monetary advisor and capital markets advisor to Paysafe. Morgan Stanley also acted as financial advisor to Paysafe. BofA Securities, J.P. Morgan Securities LLC, Barclays, Wolfe Capital Markets and Advisory, BMO Capital Markets and Evercore also acted as capital markets advisors. Simpson Thacher & Bartlett LLP acted as legal counsel to Paysafe. Proton Associates acted as strategic advisor to Paysafe.

RBC Funds Markets LLC., BofA Securities and J.P. Morgan acted as financial advisors to Foley Trasimene. Weil, Gotshal & Manges LLP acted as authorized counsel to Foley Trasimene.

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Notes to editors:

¹ Paysafe’s freshly shaped Board of Administrators

About Paysafe

Paysafe is a primary specialised payments system. Its main reason is to permit businesses and customers to connect and transact seamlessly as a result of marketplace-top capabilities in payment processing, electronic wallet, and on-line income methods. With more than 20 yrs of on the web payment experience, an annualized transactional quantity of US $92 billion in 2020, and about 3,400 employees found in 12+ world wide spots, Paysafe connects companies and consumers across 70 payment varieties in in excess of 40 currencies around the earth. Sent through an integrated platform, Paysafe alternatives are geared toward cellular-initiated transactions, real-time analytics and the convergence concerning brick-and-mortar and on the web payments. Even more data is readily available at www.paysafe.com.

About Foley Trasimene Acquisition Corp. II

Foley Trasimene Acquisition Corp. II is a blank check out enterprise whose organization goal is to influence a merger, funds inventory trade, asset acquisition, stock buy, reorganization, or similar company combination with one or far more organizations or entities. For additional facts, please check out www.foleytrasimene2.com

About Blackstone

Blackstone is a person of the world’s foremost expense firms. We look for to make good financial impact and prolonged-phrase benefit for our traders, the firms we commit in, and the communities in which we get the job done. We do this by using amazing persons and versatile funds to support providers remedy challenges. Our $619 billion in property under administration consist of financial commitment cars concentrated on non-public fairness, actual estate, community financial debt and fairness, life sciences, progress equity, opportunistic, non-financial investment quality credit, true property and secondary money, all on a global foundation. Additional details is accessible at www.blackstone.com. Adhere to Blackstone on Twitter @Blackstone.

About CVC

Established in 1981, CVC is a planet chief in personal equity and credit with $105.1 billion of belongings under management, $160.3 billion of funds committed and a world-wide network of 23 nearby places of work: 15 across Europe and the Americas and 8 in the Asia Pacific region. CVC is vast majority owned by its employees and led by its Taking care of Companions. CVC’s non-public equity system manages more than $79 billion of property and includes 4 strategies: Europe/Americas Asia Strategic Options and Progress Associates, just about every of which advantages from CVC’s world platform. CVC’s means to provide to bear the whole extent of its world wide assets on any scenario gives it a competitive gain when sourcing new expense prospects and when making price for the duration of CVC’s ownership interval.

Ahead-On the lookout Statements

This push release consists of “ahead-hunting statements” within the this means of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are furnished for illustrative functions only and are not intended to serve as, and have to not be relied on by any trader as, a ensure, an assurance, a prediction or a definitive statement of truth or chance. Paysafe’s true effects might differ from their anticipations, estimates, and projections and, consequently, you ought to not count on these forward-hunting statements as predictions of upcoming activities. Phrases such as “assume,” “estimate,” “task,” “spending budget,” “forecast,” “foresee,” “intend,” “program,” “may perhaps,” “will,” “could,” “ought to,” “thinks,” “predicts,” “probable,” “proceed,” and related expressions (or the unfavorable versions of this sort of words or expressions) are supposed to determine these kinds of ahead-looking statements. These ahead-hunting statements contain, with out limitation, Foley Trasimene’s and Paysafe’s expectations with regard to future efficiency and anticipated financial impacts of the small business combination.

These forward-seeking statements entail major pitfalls and uncertainties that could bring about the real outcomes to vary materially, and perhaps adversely, from those people expressed or implied in the forward-searching statements. Most of these elements are outside Foley Trasimene’s and Paysafe’s regulate and are challenging to predict. Things that could result in these types of distinctions include, but are not constrained to: (1) the final result of any authorized proceedings that may be instituted versus Foley Trasimene and/or Paysafe adhering to the consummation of the small business combination (2) the affect of COVID-19 on Paysafe’s business enterprise (3) the inability to preserve the listing of Paysafe’s typical shares on the New York Inventory Trade adhering to the consummation of the small business blend (4) the possibility that the business enterprise combination disrupts latest designs and functions (5) the capability to figure out the expected benefits of the organization mixture, which may perhaps be afflicted by, amongst other items, level of competition, the skill of Paysafe to improve and deal with growth profitably, and retain its important workforce (6) charges relevant to the business combination (7) changes in relevant rules or laws and (8) the possibility that Paysafe may well be adversely affected by other economic, small business, and/or competitive factors. The foregoing list of variables is not exclusive. More information about selected of these and other chance things is contained in Paysafe’s and Foley Trasimene’s most recent filings with the SEC and in the Registration Statement on Sort F-4 submitted on February 25, 2021 (SEC File No. 333-251552) by Paysafe, such as the proxy assertion/prospectus filed on February 26, 2021 in link with the small business blend. All subsequent written and oral ahead-wanting statements relating to Foley Trasimene or Paysafe, the transactions explained herein or other issues and attributable to Foley Trasimene, Paysafe or any particular person performing on their behalf are expressly competent in their entirety by the cautionary statements over. Visitors are cautioned not to spot undue reliance on any ahead-looking statements, which converse only as of the date manufactured. Every single of Foley Trasimene and Paysafe expressly disclaims any obligations or enterprise to launch publicly any updates or revisions to any ahead-wanting statements contained herein to reflect any change in their expectations with respect thereto or any transform in events, circumstances, or circumstances on which any assertion is dependent, except as required by legislation.

Check out supply variation on businesswire.com: https://www.businesswire.com/news/residence/20210330006069/en/

Contacts

Paysafe Media Speak to
Kate Aldridge
Paysafe
[email protected]
+44 750 079 7547

Paysafe Trader Get in touch with
William Maina
ICR for Paysafe
+1 646-277-1236
[email protected]

Foley Trasimene Acquisition Corp. II Investor Contact
Shannon Devine
Solebury Trout
+1 203-858-1945
[email protected]