FILE PHOTO: Jun 21, 2017; Las Vegas, NV, USA; Vegas Golden Knights owner Bill Foley arrives on the red carpet before the 2017 NHL Awards and Expansion Draft at T-Mobile Arena. Mandatory Credit: Stephen R. Sylvanie-USA TODAY Sports/File Photo
Paysafe’s current owners, private equity firms Blackstone Group Inc and CVC Capital Partners, will retain a significant interest in the company following the merger, the sources said. The deal could be announced by Monday, the sources added. The sources requested anonymity ahead of an official announcement. Paysafe, Foley Trasimene Acquisition Corp II and the private equity firms did not immediately respond to requests for comment.
The appeal of financial technology companies as acquisition targets has increased during the pandemic, as more people shop online and make more of their payments digitally.
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