News & Announcements

Weil Advises Foley Trasimene Acquisition Corp. II in its Pending $9 Billion Merger with Paysafe

Weil is advising Foley Trasimene Acquisition Corp. II, a special purpose acquisition company, in its pending $9 billion merger with Paysafe Group Holdings Limited, a provider of online processing of direct debit, credit card and alternative payment services to businesses and individuals in Europe, North America and internationally. Upon closing of the transaction, the newly combined company will become a publicly traded entity under the name Paysafe Limited. The transaction is expected to close in the first half of 2021, subject to regulatory and stockholder approvals, and other customary closing conditions.

The Weil team that is advising Foley Trasimene Acquisition Corp. II is led by Mergers & Acquisitions partner Michael J. Aiello and includes Mergers & Acquisitions partners Eoghan Keenan, Matthew Gilroy and David Avery-Gee; Mergers & Acquisitions counsel Megan Pendleton; and Mergers & Acquisitions associates Stephen Liebscher, William Rosemberg, Joseph Godio, Shane Safer, Karl de la Roche, Ting Liu and Dylan Sherwyn (Not Yet Admitted in New York). The team also includes Tax Head Joe Pari; International Tax Head Devon Bodoh; Tax partners Jenny Doak and Oliver Walker; Tax counsel Erica Rees; Tax associate Alfonso Dulcey; Private Equity Executive Compensation & Benefits Head Michael Nissan; Executive Compensation & Benefits partner Sarah Downie; Executive Compensation & Benefits associate Radhika Tahiliani; Capital Markets Head Alexander Lynch; Capital Markets associate Anthony Zangrillo; Public Company Advisory Group partners Adé Heyliger and Lyuba Goltser; Technology & IP Transactions partners Charan Sandhu and Barry Fishley; Technology & IP Transactions associates Briony Pollard, Olivia Greer, Alexa Chu Clinton, Catherine Kim, Eliza Cotter and Tyler Fredricks; Antitrust Head Steven Newborn; Antitrust partner John Scribner; Antitrust counsel Michael Naughton; Antitrust associate Vivian Wang; Employment counsel Ivor Gwilliams; Employment associate Thomas Weatherill; and Private Funds Regulatory partner Marc Schubert.