The Firm is representing Paysafe in connection with its entry into a definitive agreement and plan of merger with Foley Trasimene Acquisition Corp. II (NYSE: BFT, BFT WS), a special purpose acquisition company. Upon the closing of the transaction, the newly combined company will operate as Paysafe and plans to list on the New York Stock Exchange under the symbol PSFE. The transaction reflects an implied pro-forma enterprise value for Paysafe of approximately $9 billion.
Paysafe is a leading integrated payments platform, with a two-sided consumer and merchant network, whose core purpose is to enable businesses and consumers around the world to connect and transact seamlessly through payment processing, digital wallet and online cash solutions.
The Simpson Thacher team includes Elizabeth Cooper, Katherine Krause, Jun Won Kim and Carina Kan (M&A); Josh Bonnie, Will Golden, Jon Pacheco, Katharine Thompson, Cristina Liebolt, Evan Hunt, Claire DiMario, Samantha Sergent and Blake Delaplane (Capital Markets); Drew Purcell, Jasmine Hay and Stefan Golubovic (Tax); Jeannine McSweeney and Harry Hudesman (ECEB); Shari Ness and Joia Lee (PCAP); Lori Lesser and Amber Harezlak (IP); Adeeb Fadil (Environmental); Kenneth Ehrhard and Kelly Karapetyan (Antitrust); and Steve DeLott (Insurance).