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Announced

14 Feb 2019

Completed

14 Feb 2019

Ant Financials completed its acquisition of WorldFirst for $641m.

Synopsis

Ant Financial acquired UK-based currency exchange WorldFirst, for $641m. WorldFirst CEO Jonathan Quin said in a letter sent out to clients that the company “will continue to operate as a UK-headquartered and regulated business with global operations” while becoming a wholly-owned division of Ant Financial.

Principals

target

World First

bidder

Ant Financial Services Group Co

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Market Context

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Seller Team (3)

kerry tremble

CFO at WORLD FIRST

Manager

target

Deal

£ 497 M

Total Value

reg dhanjal

General Counsel at WORLD FIRST

Manager

target

Deal

£ 497 M

Total Value

jonathan quin

Founder and CEO at WORLD FIRST

Manager

target

Deal

£ 497 M

Total Value

Bidder Team (9)

yin ai

Managing Director at Sard Verbinnen & Co

PR Consultant

bidder

Deals

£ 48.41 B

Total Value

meghan gavigan

Managing Director at Sard Verbinnen & Co

PR Consultant

bidder

Deals

£ 59.97 B

Total Value

paul kranhold

President at Sard Verbinnen & Co

PR Consultant

bidder

Deals

£ 201.09 B

Total Value

reze wong

Sard Verbinnen & Co

PR Consultant

bidder

Deals

£ 110.29 B

Total Value

lucy dao

Associate at Sard Verbinnen & Co

PR Consultant

bidder

106

Deals

£ 99.20 B

Total Value

michaela shaw

Sard Verbinnen & Co

PR Consultant

bidder

Deals

£ 21.01 B

Total Value

brandon pinto

Senior Associate at Sard Verbinnen & Co

PR Consultant

bidder

Deals

£ 146.56 B

Total Value

kelly langmesser

Vice President at Sard Verbinnen & Co

PR Consultant

bidder

Deals

£ 12.79 B

Total Value

leiming chen

In House Lawyer at ANT FINANCIAL SERVICES GROUP CO LIMITED

Investor

bidder

Deals

£ 3.91 B

Total Value

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