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

Financials

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Transaction Value£497m

Consideration TypeCash

Capital Owned-

Capital Bid For100%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

target

World First

bidder

Ant Financial Services Group Co

vendor

Ftv Capital

Sources

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Tags

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currency exchanges

Acquisition

Financial Data and Systems

Private

United Kingdom

Friendly

Majority

Completed

Private Equity

Single Bidder

Synopsis

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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.

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

target

bidder

vendor

financial advisors

financial advisors

pr advisors