PSFE

Paysafe Limited

Finance/Real Estate, SPAC


Presented:01/22/2021
Price:$18.89
Cap:$3.46B
Current Price:$22.06
Cap:$1.34B

Presented

Date01/22/2021
Price$18.89
Market Cap$3.46B
Ent ValueN/A
P/E RatioN/A
Book Value$7.70
Div Yield0%
Shares O/S183.38M
Ave Daily Vol9,440,837
Short IntN/A

Current

Price$22.06
Market Cap$1.34B
Paysafe Group Holdings Limited offers payment processing, payment gateway, payment wallet, and related merchant services. Paysafe Group Holdings Limited was formerly known as PI UK Holdco I Ltd and changed its name to Paysafe Group Holdings Limited in May 2018. The company was incorporated 2017 and is based in London, United Kingdom. Paysafe Group Holdings Limited operates as a subsidiary of Pi Jersey Topco Limited (Topco).

Please note, on 3/31/21 Foley Trasimene Acquisition Corp II. (BFT) changed its company name and ticker to Paysafe Limited (PSFE). The content of this idea will make reference to the original company name and ticker symbol.

Publicly traded companies mentioned herein: Adyen NV (ADYEN NA), Blackstone Group Inc/The (BX), Foley Trasimene Acquisition Corp II (BFT), PayPal Holdings Inc (PYPL)

Highlights

The presenter is long shares of BFT, a SPAC which recently announced its plans to acquire PaySafe, a payments company specializing in high-risk verticals. Bill Foley, the SPAC’s sponsor, is viewed as a competent manager with a strong track record of value creation. The presenter finds the asset attractive given its strong margins and ability to generate cash flow, which paired with potential cost-cutting, growing end markets, and the possibility of bolt-on acquisitions can provide significant upside over the next 3+ years.

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Idea Discussion

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