Foley-backed blank-check acquisition firm nears $9 billion Paysafe deal: Sources

Ablank-check acquisition firm backed by veteran investor Bill Foley is nearing a deal to merge with Paysafe, valuing the payments company at around $9 billion, including debt, people familiar with the matter said on Sunday.
Paysafe’s merger with Foley Trasimene Acquisition Corp II will result in the London-based company listing in New York, according to the sources.
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.
Part of the financing for the deal will come in the form of a so-called private investment in public equity (PIPE) worth $2 billion, which would make it one of the largest such instruments ever raised, according to the sources.