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Madison Dearborn Partners Completes Acquisition Of Moneygram

RECENTLY ACQUIREDJun 01, 2023

Acquiring Company

Madison Dearborn Partners

Acquired Company

MoneyGram

DallasFinancial ServicesFinanceVenture CapitalAngel InvestmentFinancial ServicesFinanceFintech

Description

MoneyGram International, Inc. (NASDAQ: MGI) ("MoneyGram" or the "Company"), a leading global financial technology company that connects the world's communities, and Madison Dearborn Partners ("MDP"), a leading private equity investment firm based in Chicago, today announced that funds affiliated with MDP have completed their previously disclosed all-cash acquisition of MoneyGram for $11.00 per share. MoneyGram's common stock has ceased trading and will be delisted from the Nasdaq stock market.

Quick answer

Madison Dearborn Partners is acquiring MoneyGram, announced June 1, 2023.

How much did Madison Dearborn Partners pay for MoneyGram?
The deal value was not disclosed.
What does Madison Dearborn Partners do?
Madison Dearborn Partners, LLC ("MDP") is a leading private equity investment firm based in Chicago.
Where are Madison Dearborn Partners and MoneyGram based?
MoneyGram is based in Dallas, Texas, United States.
Who are the decision-makers at Madison Dearborn Partners?
Fundz holds 1 contact at Madison Dearborn Partners. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Madison Dearborn Partners

About

Madison Dearborn Partners, LLC ("MDP") is a leading private equity investment firm based in Chicago. Since MDP's formation in 1992, the firm has raised aggregate capital of over $28 billion and has completed over 150 platform investments. MDP invests across five dedicated industry verticals, including financial and transaction services; basic industries; business and government software and services; health care; and telecom, media and technology services. For more information, please visit www.mdcp.com.

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Frequently asked

Who acquired MoneyGram?

MoneyGram was acquired by Madison Dearborn Partners. The deal was reported on June 1, 2023. Madison Dearborn Partners, LLC ("MDP") is a leading private equity investment firm based in Chicago. Madison Dearborn Partners is privately held and operates in Financial Services.

When did Madison Dearborn Partners acquire MoneyGram?

Madison Dearborn Partners's acquisition of MoneyGram was reported on June 1, 2023. MoneyGram International, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does MoneyGram do?

MoneyGram is a global payments network built to move money across borders with speed, simplicity and trust. Its omnichannel platform empowers consumers, developers and agents to transfer cash, fiat and stablecoin however it works best for them. It is privately held, operating in Financial Services, and is based in Dallas.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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