.
MergerLinks Header Logo

New Deal


Announced

Goldfinch Partners and The Baupost Group to acquire the business solutions unit of Western Union for $910m.

Financials

Edit Data
Transaction Value£654m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Pending

United States

Private

payment solutions

Majority

Private Equity

Single Bidder

Domestic

financial sercives

Diversified Financials

Acquisition

Friendly

Synopsis

Edit

Goldfinch Partners, a private equity firm investing in businesses at the forefront of digital transformation, and The Baupost Group, a $31bn Boston-based investment firm, agreed to acquire the business solutions unit of Western Union, a provider of cross-border, cross-currency money movement and payments, for $910m. "With this divestiture, Western Union will be fully focused on maximizing the strength of our global cross-border payments platform and financial network," Hikmet Ersek, Western Union President and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

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

CONTACT US