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

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.