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

Dealmakers

Service Providers (3)

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.