16 Jan 2019 - Global Blue and Far Point Acquisition Corporation announce business combination

• Global Blue, a leading provider of Tax Free Shopping and payment solutions, to list on the New York Stock Exchange at the close of the transaction

• Former NYSE President Thomas Farley, co-sponsor of Far Point, a special purpose acquisition company, to become Chairman of the combined company

• Current Global Blue senior management, led by CEO Jacques Stern, to continue in their roles; existing Global Blue owners including leading technology investor Silver Lake to remain significant shareholders

• Ant Financial Services Group, member of the Alibaba digital economy and operator of the world’s leading payment and lifestyle platform Alipay, to invest $125 million and accelerate strategic collaboration with the company

• Third Point to lead a group of financial investors that have committed an additional $225million, of which $100 million is from Third Point itself

• Total of $350 million from Ant Financial and financial investors values the company at an enterprise valuation of €2.3 billion (approximately $2.6 billion)

• Transaction expected to close during the second quarter of 2020

Download the full press release here