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Abernathy MacGregor is handing Madison Dearborn Partners’ $1.8B deal to acquire MoneyGram International, global leader in the digital person-to-person payments space.
The $11-per-share offer is a 50 percent premium over the Dec. 14 closing price, the day prior to media reports about a potential MoneyGram acquisition.
Alex Holmes, MoneyGram chief, said the MDP transaction follows a thorough review of ways to bolster shareholder value.
Partnering with MDP and becoming a private company will provide MoneyGram greater opportunities to innovate and grow, added Holmes.
MDP, which has raised more than $28B in capital since its formation in 1992, expects the deal to close during Q4.
Abernathy MacGregor’s Deirdre Walsh and Jake Yanulis handle MDP.
The Blueshirt Group handles Lime as the San Francisco-based electric bike/scooter company has filed paperwork for an initial public offering, which will have an expected valuation in the $2B range.
Why CEOs need their CFOs and CCOs on the same page.
ICR handles Rare Earths Americas as the Manchester, Georgia-based company plans an initial public offering valued in the $370M range.
DGA Group handles takeover target Intertek as the London-based quality assurance testing company as it launches a strategic review of its operations.
