Equities

Reuters exclusively reports Blackstone, CVC seek to take Paysafe public

Reuters exclusively reports Blackstone, CVC seek to take Paysafe public

Reuters exclusively reported that private equity firms Blackstone Group Inc and CVC Capital Partners Ltd are seeking to hire underwriters for an initial public offering (IPO) of Paysafe Group Ltd that could value the payments processing firm at more than $10 billion, including debt. The IPO would come as Paysafe expands its digital wallets offering to capitalize on the rise of online shopping and mobile phone payments, and bring in more technology partners such as Alphabet Inc’s Google.