Madison Dearborn Partners Completes Acquisition of MoneyGram
MoneyGram International, Inc., a leading global financial technology company connecting communities around the world, and Madison Dearborn Partners (“MDP”), a leading private equity investment firm headquartered in Chicago, announced today that MDP-linked funds have completed their all-cash transaction. acquired MoneyGram for $11.00 per share. MoneyGram’s common stock has ceased trading and will be delisted from the Nasdaq stock exchange.
“Completing the transaction with MDP marks the beginning of a transformative new chapter for the organization,”
“With MDP’s support, MoneyGram is uniquely positioned to accelerate our growth strategy, expand our network to reach more consumers worldwide, and advance our position as the leader in cross-border payment technology.”
“We are incredibly appreciative of our employees, agents and partners, who have placed their trust in us and continued to provide innovative solutions to our customers throughout this process. We’re excited to work alongside them and our new investment partners at MDP as MoneyGram builds on its commitment to deliver exceptional products and value to our customers.”
Alex Holmes, MoneyGram Chairman and CEO.
“We see tremendous opportunity for MoneyGram’s leading financial technology solutions, particularly in light of the continued, rapid digitization of the global economy,”
“MDP looks forward to providing the platform and resources for the MoneyGram team to capitalize on the numerous opportunities ahead and further enhance its market-leading cross-border capabilities.”
Brendan Barrett, a Managing Director on MDP’s Financial and Transaction Services team.