August 09, 2017
Latham & Watkins has advised a consortium led by Blackstone and CVC Capital Partners on its £2.96 Billion offer for Paysafe Group PLC (Paysafe). The deal represents one of the largest buyouts to date this year and the largest public-to-private deal under the UK Takeover Code since 2010.
Paysafe is a leading global provider of end to end payment solutions. With over 20 years of online payment experience, a combined transactional volume of US$48 billion in 2016 and over 2,300 staff located in 12 global locations, Paysafe connects businesses and consumers across 200 payment types in over 40 currencies around the world.
Latham & Watkins advised Blackstone and CVC on the transaction with an M&A team led by London private equity partners David Walker and Kem Ihenacho, and public M&A partner Richard Butterwick (a former secondee to the UK Takeover Panel executive). Financing advice to Blackstone and CVC Capital Partners is being led by London partner Jay Sadanandan.