PAYSAFE GROUP acquired by FOLEY TRASIMENE ACQUISITION CORP. II

Foley Trasimene Acquisition Corp. II merged with Paysafe Group Holdings Limited through a transaction announced in December 2020, creating a publicly listed company on the New York Stock Exchange under the Paysafe name. The transaction was structured as a SPAC business combination, with cash held in Foley Trasimene's trust account and a private investment in public equity (PIPE) financing the deal, while Paysafe's existing shareholders retained a majority ownership stake in the newly listed company. The transaction was completed during the first half of 2021 following the required regulatory and shareholder approvals. The transaction enabled Paysafe to access the public capital markets to support the next phase of its growth. The public listing enhanced the group's financial flexibility, providing additional resources to invest in its technology platform and expand its presence across digital payments, e-commerce, financial services, and regulated online gaming markets. Foley Trasimene's involvement, backed by Bill Foley, also brought extensive expertise in financial services, payments, and technology. The company's existing shareholders, including Blackstone and CVC Capital Partners, retained significant ownership stakes following the transaction, ensuring continuity in governance and long-term strategic direction. This ownership structure positions Paysafe to continue pursuing organic growth while evaluating potential complementary acquisitions within the digital payments sector.