October 10, 2022

On October 10, XBP Europe, Inc., the European business of Willkie client Exela Technologies Inc., and CF Acquisition Corp. VIII, a special purpose acquisition company sponsored by Cantor Fitzgerald, announced that they entered into a definitive merger agreement.

After closing, the combined company will be called XBP Europe Holdings, Inc. and is expected to be publicly listed on Nasdaq under the symbol XBP. Until the closing of the transaction, shares will trade on Nasdaq under the symbol CFFE.

XBP Europe is a pan-European integrator of bills and payments connecting buyers and suppliers, across industries and sizes, to optimize the clients’ bills and payment processes in order to advance digital transformation, improve market wide liquidity and encourage sustainable business practices.

The Willkie team was led by partner Maurice Lefkort and included associate Andrew Marmer and law clerks David Ostermann and Melissa Abi Jaoude.