Going Private • Financial Services

CVC Capital Partners and The Blackstone Group Acquire Paysafe

On August 3, 2017, private equity firms CVC Capital Partners and The Blackstone Group acquired financial services company Paysafe for 3.9B USD

Acquisition Context
  • This is CVC Capital Partners’ 10th and The Blackstone Group’s 13th transaction in the Financial Services sector.
  • This is CVC Capital Partners’ 5th and The Blackstone Group’s 44th largest (disclosed) transaction.
  • This is CVC Capital Partners’ 2nd and The Blackstone Group’s 5th transaction in Bermuda.
Investment Fate
  • Paysafe was sold to a consortium of financial buyers in 2020.

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M&A Deal Summary

Date August 3, 2017
Target Paysafe
Sector Financial Services
Buyer(s) CVC Capital Partners
The Blackstone Group
Deal Type Going Private
Deal Value 3.9B USD
Advisor(s) Lazard
RBC Capital Markets
Deutsche Bank Corporate & Investment Banking (Financial)

Target Company

Paysafe

Hamilton, Bermuda
Paysafe is an integrated payments platform that enables businesses and consumers to connect and transact seamlessly through capabilities in payment processing, digital wallet, and online cash solutions. Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics, and the convergence between brick-and-mortar and online payments.
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Buyers Overview 2

Buyer

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.


Deal Context for Buyer #
Overall 210 of 329
Sector: Financial Services 10 of 17
Type: Going Private 10 of 17
Country: Bermuda 2 of 2
Year: 2017 14 of 21
Size (of disclosed) 5 of 59
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-27 ista International

Essen, Germany

ista International GmbH sells a range of meter hardware and also provides a comprehensive package of related services such as meter installation, meter reading, billing, data processing, and maintenance. ista International GmbH was formed in 1999 and is based in Essen, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-25 VelocityEHS

Chicago, Illinois, United States

VelocityEHS is a provider of environmental, health and safety (EHS) management software and related content that helps organisations comply with a wide range of laws. Velocity’s business is comprised of two distinct offerings: its chemicals management programme enables safety managers to comply with regulations pertaining to the management of hazardous chemicals in the workplace. VelocityEHS was founded in 1996 and is based in Chicago, Illinois.

Buy -
Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 394.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.


Deal Context for Buyer #
Overall 226 of 365
Sector: Financial Services 13 of 16
Type: Going Private 20 of 42
Country: Bermuda 5 of 5
Year: 2017 13 of 21
Size (of disclosed) 44 of 185
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-24 Clarion Events

London, United Kingdom

Clarion is an event organizer, producing and delivering innovative and market-leading events since 1947. In more recent times the firm has grown into a truly international business, with a portfolio of events and media brands across a range of vertical markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-28 RedOwl Analytics

Baltimore, Maryland, United States

RedOwl Analytics LLC is a cutting-edge analytical solution to security, compliance, and investigative use cases. RedOwl’s flagship product, Reveal, provides immediate value to forward-leaning organizations that understand the massive potential of their untapped internal data sources in improving oversight and reducing risk. RedOwl Analytics LLC was established in 2011 and is based in Baltimore, Maryland.

Sell -