LONDON (Alliance News) - CVC Capital Partners and Investcorp Technology Partners intend to sell their entire 7.3% stake in Paysafe Group PLC, according to a statement issued by Barclays Bank PLC on Thursday.
CVC and Investcorp plan on selling up to 35.1 million shares in Paysafe, which will not receive any money from the disposal.
The shares will be sold through an accelerated bookbuild with institutional investors.
Barclays Bank PLC, acting through its investment bank, is the sole global coordinator and bookrunner on the placing, while Canaccord Genuity Ltd is the co-lead on the transaction.
The results of the placing will be disclosed following the close of the bookbuild.
Shares in Paysafe, which was previously known as Optimal Payments, closed up 0.6% at 366.24 pence on Thursday.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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