Far Point to buy Global Blue from Silver Lake
01/20/2020|4:09:28 PM|WSJ

Far Point Acquisition Corp., the blank-check company launched by former New York Stock Exchange President Thomas Farley, said Thursday it plans to buy Swiss payments company Global Blue for $2.6 billion, including debt.

The deal would hand Global Blue a U.S. listing and an additional $1 billion from Far Point and investors including Alibaba Group Holding Ltd. affiliate Ant Financial Services Group and Daniel Loeb’s activist hedge fund Third Point LLC.

Global Blue, which processes transactions for international shoppers, has been majority-owned since 2012 by Silver Lake. Far Point said the private-equity firm plans to retain a minority stake.

The Wall Street Journal reported earlier Thursday that the parties were nearing a deal.

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