The Financial Times descibed Paysafe as operating in a sector within which a “buying frenzy” is taking place.
Paysafe also revealed recently that it wishes to expand further into the travel industry.
The Financial Times reports that Paysafe’s board is considering 590p a share in cash from CVC Capital Partners and Blackstone, two buyout groups.
The valuation represents 14 times earnings before interest, taxes, depreciation and amortisation. CVC Capital Partners and Blackstone first approached the company in May but their initial offer was rejected and the Financial Times cites a source as stating that the board has had four indicative offers since then.
Old Mutual Global Investors, Paysafe’s largest shareholder, has publicly recommended the takeover.
