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Deal of the Year – Quoted Company Awards 2016
Jan 28, 2016
London, 28 January 2016 – Paysafe Group plc (LSE: PAYS, “Paysafe”), a leading global provider of online payment solutions, was named last night as the winner of the Quoted Company Awards 2016 Deal of the Year for its acquisition of Skrill for €1.1 billion, announced in March 2015 and completed in August 2015.
The Deal of the Year was awarded to Paysafe by a panel of judges made up of leading portfolio managers and professional advisers. They judged Paysafe’s acquisition of Skrill to be “…the most innovative/opportunistic in terms of price paid” while also considering “…the structure of the deal (the mix of shares, borrowings, fundraising used) and its impact on earnings for shareholders.” The Awards covered the period August 2014 to September 2015.
Joel Leonoff, Paysafe’s President and CEO, said: “This win is yet another award recognising the merits of the Skrill acquisition, which was in part funded by the largest rights issue ever launched on AIM. This transformational deal has taken us to the forefront of the fast-growing global online payments industry, to a full listing on the Main Market of the London Stock Exchange and, in due course, membership of the FTSE 250. The awards we have received to date are a tribute to the teams involved at all levels of the company.”
Paysafe Group plc (formerly Optimal Payments plc) is a global provider of online payment solutions, trusted by businesses and consumers in over 200 countries and territories to move and manage billions of dollars each year. Merchants use Paysafe's services and gateway platforms and innovative prepaid products and solutions to simplify how they accept credit and debit card, direct‑from‑bank, and alternative and local payments; while Paysafe's NETELLER®, Skrill® and paysafecard® services are used by merchants to increase revenues and capture new customers. Consumers use the multilingual and multicurrency NETELLER, Net+® Card, Skrill and Skrill Card stored-value offerings and the paysafecard prepaid solutions to make secure and convenient payments and payolution® for their invoices and instalment payments. Paysafe also supports a wide variety of prepaid programmes - from white-label prepaid cards to bespoke solutions.
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