M&A Deal Summary

Travelex Global Business Payments Acquires Ruesch International

On September 5, 2007, Travelex Global Business Payments acquired financial services company Ruesch International from Welsh Carson Anderson & Stowe for 450M USD

Acquisition Highlights
  • This is Travelex Global Business Payments’ 1st transaction in the Financial Services sector.
  • This is Travelex Global Business Payments’ largest (disclosed) transaction.
  • This is Travelex Global Business Payments’ 1st transaction in the United States.
  • This is Travelex Global Business Payments’ 1st transaction in District of Columbia.

M&A Deal Summary
Date 2007-09-05
Target Ruesch International
Sector Financial Services
Buyer(s) Travelex Global Business Payments
Sellers(s) Welsh Carson Anderson & Stowe
Deal Type Add-on Acquisition
Deal Value 450M USD
Advisor(s) Lane, Berry & Co. International LLC
Wells Fargo Securities (Financial)

Target

Ruesch International

Washington, District of Columbia, United States
Ruesch International is a leading global financial institution specialising in international business-to-business payment products and solutions. The corporation has full-service corporate foreign exchange operations in the Czech Republic, the United Kingdom, Switzerland, and the United States that have served more than 30, 000 corporate clients.

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Buyer(S) 1

Buyer

Travelex Global Business Payments

London, United Kingdom
Category Company
Sector Financial Services
Revenue 150M GBP (2011)
DESCRIPTION

Travelex Global Business Payments conducts business payments annually for 35,000 customers in 14 countries. Travelex provides payments services to a variety of business clients, including over 500 financial institutions.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (District of Columbia) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Welsh Carson Anderson & Stowe

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1979
PE ASSETS 31.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Welsh Carson Anderson & Stowe (WCAS) is a mega-sized, specialist private equity firm focused on investments in growth-oriented companies operating within the healthcare and technology/tech-enabled services industries. WCAS will consider small and large transactions; including venture investments, growth equity investments, buy-and-build transactions, public-to-private acquisitions, and corporate carve-outs. The Firm prefers control situations and generally seeks opportunities in the US. Welsh Carson Anderson & Stowe was formed in 1979 and is based in New York City.

DEAL STATS #
Overall 18 of 75
Sector (Financial Services) 2 of 2
Type (Add-on Acquisition) 10 of 44
State (District of Columbia) 1 of 1
Country (United States) 17 of 72
Year (2007) 4 of 5
Size (of disclosed) 25 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-03 Paycom

Oklahoma City, Oklahoma, United States

Paycom is a cloud-based HCM software solution delivered as Software-as-a-Service. The Company provides functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement. Paycom's solution requires virtually no customization and is based on a core system of record maintained in a single database for all HCM functions, including talent acquisition, time and labor management, payroll, talent management and HR management applications. Paycom was established in 1998 and is headquartered in Oklahoma City, Oklahoma.

Buy $56M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-24 MemberHealth

Solon, Ohio, United States

MemberHealth, Inc. Provider of prescription drug benefits and a national Medicare Part D sponsor.

Sell $650M
Mergr

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