M&A Deal Summary |
|
|---|---|
| Date | 2021-08-04 |
| Target | Convera |
| Sector | Financial Services |
| Buyer(s) | Goldfinch Partners |
| Sellers(s) | Western Union |
| Deal Type | Divestiture |
| Deal Value | 910M USD |
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Goldfinch Partners is a private equity firm focused on acquiring and investing in software and technology companies. The Firm supports a variety of transaction situations including buyouts, corporate carve-outs, recapitalizations, and growth equity financings. Sectors of interest include consumer and retail, technology and media, financial services, and business services. Goldfinch Partners was established in 2018 and is based in Seattle, Washington.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Financial Services) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Washington) | 1 of 1 |
| Country (United States) | 2 of 2 |
| Year (2021) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-05-28 |
Vesta
Lake Oswego, Oregon, United States Vesta is a provider of guaranteed fraud protection and e-commerce payment solutions to help online merchants, major telcos, payment processors and acquirers optimize revenue by eliminating the fear of fraud. The company pioneered fully guaranteed card-not-present (CNP) payment transactions for the telecommunications industry by using its cutting-edge data science and machine learning capabilities to thwart fraud and ensure that more valid transactions are approved. Its flexible and scalable solutions enable its customers to eliminate the fear of fraud and increase revenue by delivering secure, frictionless transactions that maximize acceptance and improve customer experience, all backed by a zero-fraud-liability guarantee. Vesta was founded in 1995 and is based in Lake Oswego, Oregon. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1851 |
| Sector | Financial Services |
| Employees | 9,000 |
| Revenue | 4.4B USD (2023) |
Western Union is a financial services company that provides people and businesses with fast, reliable and convenient ways to send money and make payments around the world. Western Union's consumer-to-consumer money transfer service enables people to send money around the world, usually within minutes. Western Union also provides consumers with flexible and convenient options for making one-time or recurring payments in our consumer-to-business segment. This segment consists of United States bill payments, Pago Fácil (bill payments in Argentina), and international bill payments. Western Union's business solutions segment facilitates payment and foreign exchange solutions, primarily cross-border, cross-currency transactions, for small and medium size enterprises and other organizations and individuals. Western Union was founded in 1851 and is based in Denver, Colorado.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Financial Services) | 1 of 1 |
| Type (Divestiture) | 2 of 2 |
| State (Washington) | 1 of 1 |
| Country (United States) | 2 of 2 |
| Year (2021) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-05-09 |
Speedpay
United States Speedpay, Inc. provides electronic bill presentment and payment solutions to a variety of business sectors in the U.S., including utilities, auto finance, mortgage, consumer finance, insurance, telecommunications, and government finance. |
Sell | $750M |
