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MoneyGram attracts bids from Carlyle, TPG, Bain and GTCR

1 Jul 2013

dollar envelope moneyPrivate equity firms including Carlyle and TPG Capital are reportedly considering making offers for money transfer company MoneyGram.

Fellow buyout majors Bain Capital and GTCR are also participating in the auction, which is currently in the second round of bidding, said Reuters, citing four people familiar with the matter.

MoneyGram is also in takeover talks with two industry players, said the sources. The company’s shares have jumped 65 per cent this year, giving it a market value of $1.3bn.

Back in 2008 an investment group led by growth buy-out firm Thomas H. Lee Partners invested at least $710m in a recapitalisation of MoneyGram.

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