Foley Trasimene / Paysafe 2020
Foley Trasimene Acquisition Corp II acquired Paysafe for $9.0B on December 7, 2020.
- Target
- Paysafe
- Acquirer
- Foley Trasimene Acquisition Corp II
- Deal value
- $9.0B
- Announced
- December 7, 2020
- Sub-sector
- Payments
Transaction overview
- Foley Trasimene Acquisition Corp II announced the acquisition of Paysafe on December 7, 2020 for $9.0B.
Strategic rationale
SPAC merger enables Paysafe's stock market return and provides capital for digital wallet acquisitions and US sports betting expansion.
Deal terms & multiples
Sources
- casinonewsdaily.com /2020/12/08/paysafe-readies-for-stock-market-return-through-spac-merger/