Paysafe Group Live Discussion

Thediceman 21 Jul 2017

Board don't seem like they're accepting

IOMINVESTCOM 21 Jul 2017

Re: Cash offer 5.90 Board of Paysafe Group plc ("Paysafe" or the "Company" confirms that it has received a preliminary, conditional proposal from funds managed by Blackstone and funds managed by CVC Capital Partners (such funds together, the "Consortium" regarding a possible all cash offer for the entire issued and to be issued share capital of the Company by a newly incorporated company jointly owned by funds advised by the Consortium members or their respective affiliates ("Bidco" (the "Possible Offer".The Paysafe Board was initially approached by the Consortium in early May 2017. Following the receipt of a number of indicative proposals from the Consortium that were rejected, due diligence access was granted on the basis of a possible offer of 590 pence per share.Under the terms of the Possible Offer, the ordinary shareholders of Paysafe would receive 590 pence in cash per ordinary share in Paysafe. The terms of the Possible Offer represent a premium of approximately 34% to the volume weighted average price for the six month period ended 30 June 2017, the day prior to broad sector consolidation speculation.Paysafe's largest shareholder, Old Mutual Global Investors (UK) Limited, has sent Paysafe a non--binding letter of support for (and intent to vote in favour of, or accept) the Possible Offer, in respect of 50,000,000 of the Company's ordinary shares (being approximately 10.3% of its current issued share capital).The Consortium has indicated that its financing requirements will be funded in part with the proceeds of a disposal of any business the Consortium considers to be non-core, such as the Asia Gateway business. Entry into an agreement by the Consortium to sell the Asia Gateway business to a third party buyer is a non-waivable pre-condition ("Pre-Condition" which must be satisfied before the making of any firm offer by the Consortium. The key terms have already been agreed with a third party buyer.There can be no certainty that an offer will be made, even if the Pre-Condition is satisfied. A further announcement will be made in due course, as appropriate. Completion of any firm offer, if made, will be subject to Paysafe shareholder approval and receipt, on satisfactory terms, of regulatory and merger control approvals, as well as other customary conditions.

Thediceman 21 Jul 2017

Get in!

IOMINVESTCOM 21 Jul 2017

Cash offer 5.90 Superb.....could get othersome to make a move......Atb

IOMINVESTCOM 19 Jul 2017

Re: Looking for acquisitions Thank you for posting an interesting article Twistednik.

Twistednik 14 Jul 2017

Looking for acquisitions Paysafe Group [LONAYS], an Isle of Man, UK-based payments services company, is eager to continue with its “bold” M&A strategy in 2H17, COO Danny Chazonoff told this news service."For the right price", the company is willing to buy an asset or group of assets it finds attractive from a product, management and technological perspective, or that would offer access to a particular niche or vertical, Chazonoff said, declining to elaborate on what he considered to be the right price.As an example, he referred to Paysafe’s strength in the niche of direct marketing, adding that if a target was able to add value in a specific area such as this one, and not just necessarily related to its core payments offering, that would make it an attractive asset, so long as it met its criteria with respect to EBITDA multiples, he said.Over the last 2.5 years, Paysafe has completed five acquisitions, all varying in size and to serve various purposes. One of the largest was its acquisition of Skrill Group and its numerous portfolio companies, including Skrill, Paysafecard, Payolution, NETTELLER, Net+ NETBANX and FANS Entertainment. Valued at USD 1.2bn, the deal significantly increased Paysafe’s scale and reach as a payment and e-wallet provider.In 2016, Paysafe acquired MeritCard Solutions, a US-based company provider of payment processing services, for USD 20m. Then it acquired Income Access Group, a pioneering affiliate technology business, for USD 30m.Chazonoff did not discuss EBITDA multiples, but according to Mergermarket's database, Paysafe paid 3.3x the targets's 2013 GBP 2.78m EBITDA when it acquired Global Merchant Advisors in 2014. It paid 16.2x the target's 2013 GBP 7.85m EBITDA when it purchased Meritus Payment Solutions later that same year.Paysafe has since been working to integrate these acquisitions and consolidate their offerings on to a single platform in order to create a one-stop shop for existing and new potential clients payments needs, Chazonoff said.Paysafe also partners with a lot of third parties, particularly in the area of risk management, where it may make more sense to own the technology outright rather than licencing it through partnerships, he said.“I am not suggesting we go out and buy one of these companies ... but there are some opportunities outside of payments that would work well within our environment that right now we are using via partnerships that might be better off for us to own.”Paysafe has an in-house M&A team that interacts with each of its various individual business units – prepaid card, digital wallet, and payments processing – in order to identify targets that are not only the right fit at the group level, but that also fit each unit's specific needs, he said.The in-house team at Paysafe has a mandate to explore market opportunities and determine who is looking to sell, as well as those that can be convinced to sell, he said.Paysafe generated revenues of USD 1bn in 2016, up from USD 613m the year previous, representing a 63% year-on-year growth rate, according to its 31 December year-end results. The company also delivered adjusted EBITDA of USD 301m and operating profit of USD 194m.Financing for future acquisitions is heavily dependent on the size of the asset, he said. If small, then the company will rely on its available cash reserves, he added. Group cash and cash equivalents were USD 231.2m at 31 December 2016 (31 December 2015: USD 117.9m).Should the company pursue a large-scale acquisition, similar to its takeover of Skrill, it would be financed in a similar fashion to the previous deal, he said. That was completed through a combination of available cash, new debt facilities and a fully underwritten rights issue.Although geography is not a key criteria when assessing targets, the company is looking to expand its presence in South America and Asia, so this will play a small factor when determining its next acquisition moves, he added.Pay

claude reins 08 Jun 2017

Good news SP hits 500p. I expect it to go on from here, especially because I look forward to Leonoff coming in with another acquisition sooner rather than later. With the organisational changes he made recentlly, he has freed himself up to go looking.I am also please to say anotther of my favourite holdings, Playtech, has reached 1000p. They lost 2 principal acquisitions - Plus 500 and Ava Trade Ltd - at the end of 2015 because of regulatory issues but they have come on from there with bolt-on acquisitions and organisational developments within the company. They still have a significant cashpile to go out for more. I attended their AGM recently, met the management and was quietly impressed. They are good, very good, at what they do! From Stockopedia, broker's target price 17% higher than currently, and this company doesnt often disappoint. There have been a couple of major sales by a very large shareholder. The first one frightened me, the second one I saw as a buying opportunity and it has paid off handsomely.

claude reins 26 May 2017

Re: Markdown Fair comment about Leonoff. though he has got out of bed with the loan sharks he borrowed from. Hope he has learned his lesson on that one.Just nudging back ocer 500p. Hope it can be sustained.Higly rated on Stockopedia - 93.Time for expansion again. PEG is rising and will go betyond 1 this year. For a non divi payer, that is an important milestone. Leonoff freeds himself up with management changes to go out for growth - IMHO, so time for the next big acquisition etcIn the meantime, strong hold.

majikthise 22 May 2017

Re: Paysafe allegations in turkey??? This "Spotlight Research" outfit also re-posted its prior speculation about China on Seeking Alpha earlier today. If you look at the list of articles they have submitted, there has been nothing else from them since December - nothing on any other stocks: [link] concentrating on Paysafe? No research on any other stocks? How strange. I wonder what is the motivation to dedicate so much time to just one stock?As you've said, at least the market seems to have learned from last time.

reload 22 May 2017

Paysafe allegations in turkey??? Another short has posted this.. looks like no one is taking them seriously this time around.. as they crushed the share last time? I am holding..[link]

charlie51 22 May 2017

Markdown Big markdown first thing this morning - any views? Some real volatility with this share which is unjustified in light of the low valuation and great record on growth and acquisitions. That said Leonoff has something of the 'dodgy geezer' about his persona, not that one can complain about his delivery.

freedom-thirty5 09 May 2017

Re: MOVEMENT STOP SHOUTING

DIE HARD 1 09 May 2017

MOVEMENT THIS COMPANY IS MY TOP HOLDING SO NEED TO SEEIT MOVE THIS YEAR.SITTING ON BIG CAPITAL GAINS SO HAVE NOT SOLD ANY

Freestoj 09 May 2017

On track Good to see the company is trading in line with expectations. Buy backs too. [link]

freedom-thirty5 09 May 2017

Interim Management Statement Key Highlights· Paysafe continues to perform in line with management expectations expressed at the Group's full-year results for 2016. · Paysafe reiterates its FY 2017 guidance of low double-digit organic revenue growth, and to at least maintain a 30.1% adjusted EBITDA1 margin in FY 2017. · Adjusted cash conversion2 remains strong. The Group continues to de-lever even after returning £22.4m of capital to shareholders in the form of a share buyback during the first three months of the year. Paysafe President and Chief Executive Officer Joel Leonoff said:"Paysafe has had a strong start to 2017 and each of our divisions is performing as expected.Our business continues to benefit from the disciplined execution of our strategy. Paysafe is focused on driving sustainable organic growth, providing state-of-the-art technology, delivering relevant niche oriented payment solutions, nourishing an entrepreneurial company culture, and identifying and integrating bold acquisitions.We believe Paysafe's differentiated and relevant products and services position us very well in a rapidly-evolving payments industry."