Paysafe Is Near a $9 Billion Deal to Go Public
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Paysafe Group Ltd., the online payments firm backed by Blackstone Group Inc. and CVC Capital Partners, agreed to go public by merging with a blank-check firm led by billionaire Bill Foley.
The deal with Foley Trasimene Acquisition Corp. II values Paysafe at about $9 billion including debt, the companies said in a statement Monday. The special purpose acquisition company will raise $2 billion in a private placement to help fund the transaction.