Paysafe: Advanced Suite of Digital Commerce Solutions
Bill Foley's value creation playbook
Paysafe:
William P. Foley II
Founder
Long history of value creation across multiple
public company platforms
Foley has led five separate multi-billion dollar
public market platforms with 100+ acquisitions
across them
Founder, former CEO and now Chairman of
Fidelity National Financial ("FNF") - built the
largest title insurance company, growing equity
value from $3mm to $11bn
Through FNF, Foley was also able to acquire
and spin-out FIS(1) (current market
capitalization of $91bn) Black Knight (current
market capitalization of $14bn) and Cannae
Investments (current market capitalization of
$4bn)
Foley also led the take private of Dun &
Bradstreet (current market capitalization of
$11bn) and the subsequent IPO - current
market
Foley will bring a team
of board members to
oversee transformation
■ Team knows how to drive
revenue growth and margin
expansion in payments
Experts in payments and
processing
■
Drove value creation at FIS -
$2.5bn to $91bn
Experts in cloud migration /
SaaS transformation
At Ceridian, drove 7x+
increase in value during
tenure to date
Experts in cost synergy
realization
Realized $225m of synergies
at DNB
Strong history of value creation...
M.FIDELITY
NATIONAL FINANCIAL
$10.8bn
FIS
BLACK
KNIGHT CERIDIAN
dun & bradstreet
$2.5bn
$91.4bn
$14.0bn
$14.0bn
$11.3bn
$4.2bn
$2.0bn
$1.6bn
$3m
1984
Current 2006 Current
LBO
Mkt Cap Spin-Off Mkt Cap
2015
IPO
Current
Mkt Cap IPO
2018
Current
2019
Mkt Cap LBO
Current
Mkt Cap
...and overachieving targeted savings ($m)
Acquiror
Target
Cannae
D&B
Feb-2019
Acquisition Forecast
date
savings
$200
$ of synergies
achieved
$225(2)
Deep strategic M&A expertise in
payments
FNF
LPS
Jan-2014
$150
$312
FIS
Metavante
Apr-2009
$260
$300
Team has consummated
FNF
Land America
Dec-2008
$150
$265
hundreds of financial
technology M&A transactions
FIS
eFunds
Sep-2007
$65
$87
for tens of billions in
transaction value
FIS
Cartegy
Feb-2006
$50
$50
FNF
Synergy bonus pool to align
incentive and drive performance
FNF
Intercept(3)
Aurum (3)
Dec-2004
$25
$33
Mar-2004
$15
$17
FNF
Chicago Title (3) Mar-2000
$90
$133
(1)
Source: Cannae Holdings Investor Presentation, Dun & Bradstreet materials, public company filings. Market cap data from Factset as of 12/4/2020.
Bill Foley currently owns no equity in FIS.
(2)
Achievement on-going.
(3)
Synergy projection and realization data provided by FNF.
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