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  "documentTitle": "Paysafe | SPAC Presentation Deck | 52 slides",
  "authorId": "paysafe",
  "authorName": "Paysafe",
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  "presentationDate": "2020-12-01 00:00:00",
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  "notes": "Uses the 'Foley Playbook' as a precedent for value creation.",
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      "text": "Rare attractive base of payments assets at scale; Perfect fit with Foley playbook bringing valuation creation and growth; Strongly positioned within large, high-growth industry",
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      "kind": "paragraph",
      "text": "FNF investment in FIS: In 2003, Bill Foley led FNF on the acquisition of Alltel Information Services for $1bn which later became Fidelity National Information Services (FIS). FIS operated in a highly fragmented industry and Foley utilized the platform and technology stack to consolidate and drive organic and inorganic growth and improve margins. FIS expanded product offering, technology and improved scale and margins of the business. Today, FIS is the industry leader with a $91bn market capitalization.",
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      "kind": "source-note",
      "text": "Source: FactSet. Market cap data from Factset as of 12/4/2020.",
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      "text": "Similar characteristics to Paysafe: Attractive platform with defensible market position; Upside from acquisition integration, platform consolidation and cross-sell; Multiple attractive acquisition opportunities will strengthen market position further; Positioned to win in key attractive, high-growth markets",
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      "kind": "title",
      "text": "Paysafe is a highly attractive and scarce investment opportunity within Payments / FinTech with similar characteristics to other Bill Foley deals",
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      "evidence": "Comparing Paysafe to the historical FIS deal to predict future success.",
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      "objective": "Why Paysafe is a highly attractive and scarce investment opportunity",
      "structure": "The Why (Belief) -> The How (Process) -> The What (Result)",
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