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.