Far Point Acquisition Corporation (NYSE: FPAC; "Far Point"), a special purpose acquisition company (SPAC) co-sponsored by the institutional asset manager Third Point LLC, and Swiss-based Global Blue, a strategic technology and payments partner empowering global merchants to capture the growth of international shoppers, have announced that they will merge, as a result of which Global Blue will become a publicly traded company on the New York Stock Exchange. The new public company will be incorporated in Switzerland. Far Point and new investors, including Ant Financial Services Group, the operator of Alipay, will invest a total of approximately USD 1.0 billion reflecting a total enterprise value of EUR 2.3 billion of Global Blue. The transaction is subject to customary closing conditions.

Bär & Karrer acts as Swiss legal and tax adviser to Far Point in this transaction. The team includes Urs Kägi, Michael Trippel, Nadina Duss, Marc Poltéra, Rebecca Schori, and Frédéric Mancosu (all M&A/Corporate), Oliver Rüdlinger (Real Estate), Laura Widmer and Fanny Sutter (both Employment), Susanne Schreiber, Elena Kumashova and Ricardo Marino (all Tax).