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New Deal


Announced

Completed

Payoneer went public via a merger with FTAC Olympus Acquisition in a $3.3bn deal.

Financials

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Transaction Value£2,414m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Friendly

Private

Merger

Private Equity

Domestic

United States

Single Bidder

Payments / Commerce

Acquisition

Reverse Takeover

payment solutions

De-SPAC

Completed

FinTech

Synopsis

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Payoneer, an online payment startup, went public via a merger with FTAC Olympus Acquisition, a blank-check firm backed by banking entrepreneur Betsy Cohen, in a $3.3bn deal. "The Payoneer team has positioned the company incredibly well to capitalize on the expansion of global commerce, and we are proud to be their partner during this next phase of growth. Payoneer has a strong balance sheet with ample capital to expand its already broad suite of services, both organically, by deepening existing merchant relationships and continuing to build new ones, and through strategic acquisitions," Betsy Cohen, FTAC Olympus Acquisition Chairman of the Board of Directors.

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