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PayPal Acquisition Gives Handsome Returns to Paidy Investors

Sept. 17, 2021, 1:36 AM

PayPal Holdings Inc.’s $2.7 billion acquisition of Paidy Inc. is set to give handsome returns to venture investors in the Japanese buy now, pay later firm, according to people with knowledge of the matter.

Tybourne Capital Management will book a gain of around four times on its investments over the past two years, said a person with knowledge of the matter, who asked not to be identified because the information is private.

The deal will also deliver multi million-dollar gains for some of Paidy founder Russell Cummer’s former Goldman Sachs Group Inc. colleagues, according to a person familiar ...