Announced
Financials
Tags
Pending
United States
Private
payment solutions
Majority
Private Equity
Single Bidder
Domestic
financial sercives
Diversified Financials
Acquisition
Friendly
Synopsis
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.
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