CVC Capital Partners and Blackstone acquired PaySafe, a multinational online payments company, for £2.9bn. Under the terms of the acquisition, each Paysafe Shareholder was entitled to receive 590 pence in cash per Paysafe Share. Commenting on the Acquisition, Martin Brand, Senior Managing Director of Blackstone, said: "We are delighted that our proposal has been recommended by the Board and excited by the prospect of working with management to develop Paysafe as one of the leading, global providers of online and mobile payment solutions. Paysafe's innovative alternative payment systems and risk management capabilities form a strong value proposition for consumers and merchants alike. As a leading technology investor, Blackstone believes that Paysafe is an ideal platform for continued innovation in the payments space, and look forward to supporting Paysafe's growth both organically and through acquisitions."