Paysafe SPAC Presentation Deck
Bill Foley's value creation playbook
Foley will bring a team
of board members to
oversee transformation
■
■
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
■ 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
Deep strategic M&A expertise in
payments
- Team has consummated
hundreds of financial
technology M&A transactions
for tens of billions in
transaction value
Synergy bonus pool to align
incentive and drive performance
Source: Cannae Holdings Investor Presentation, Dun & Bradstreet materials, public company filings. Market cap data from Factset as of 12/4/2020.
(1) Bill Foley currently owns no equity in FIS.
(2)
Achievement on-going.
(3)
Synergy projection and realization data provided by FNF.
MFIDELITY
NATIONAL FINANCIAL
Acquiror
Cannae
FNF
FIS
FNF
FIS
FIS
Strong history of value creation...
FNF
FNF
$10.8bn
FNF
$2.5bn
Fis
$3m
1984 Current 2006 Current 2015 Current 2018
LBO Mkt Cap Spin-Off Mkt Cap IPO
Mkt Cap IPO
Target
D&B
$91.4bn
LPS
BLACK KNIGHT
$1.6bn
...and overachieving targeted savings ($m)
$ of synergies
achieved
$225(2)
$312
$300
$265
$87
$50
$33
$17
$133
$14.0bn
Jan-2014
Metavante Apr-2009
Land America Dec-2008
Sep-2007
Feb-2006
Acquisition Forecast
date
savings
Feb-2019 $200
$150
$260
$150
$65
$50
$25
$15
$90
eFunds
Cartegy
Intercept(3)
Aurum (3)
Chicago Title(3) Mar-2000
CERIDIAN dun & bradstreet
$4.2bn
Dec-2004
Mar-2004
Paysafe:
$14.0bn
$2.0bn
$11.3bn
Current. 2019 Current
Mkt Cap LBO Mkt Cap
01
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