Ashurst is advising Credit Suisse International in relation to the £2.96 billion recommended cash offer for Paysafe Group plc by PI UK Bidco Limited ( a newly formed company jointly-owned by a consortium of funds managed by Blackstone and funds managed and/or advised by CVC), announced today.

Paysafe Group plc is a leading global provider of end to end payment solutions. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry leading capabilities in payment processing, digital wallets and online cash solutions. Delivered through an integrated platform, Paysafe’s solutions are geared towards mobile initiated transactions, real-time analytics and the convergence between bricks-and-mortar and online payments. Paysafe's brand portfolio includes NETELLER®, Skrill®, MeritCard, paysafecard®, payolution® and FANS Entertainment. With over 20 years of online payment experience, a combined transactional volume of $48 billion in 2016 and over 2,200 staff located in 12 global locations, Paysafe connects businesses and consumers across 200 payment types in over 40 currencies around the world.

Credit Suisse International is acting as financial adviser to Paysafe Group plc in relation to the offer.

The Ashurst team was led by partners Karen Davies and Tim Rennie, assisted by counsel Carrie Clay, senior associate Briony Holcombe, and associates Aimee Carroll-Hewitt and Jake Hadfield.