London-listed payment solutions provider Paysafe Group is at the centre of M&A activity today, agreeing a $470m deal to acquire Texas-based Delta Card Services, while a consortium of private equity firms launch a preliminary 590 pence per share bid for Paysafe.

The consortium comprised of funds managed by private equity firms Blackstone and CVC Capital Partners has submitted a preliminary, conditional offer to acquire all of the outstanding shares in Paysafe Group at 590 pence per share.

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