US-based transaction processor Global Payments has agreed to sell its money transfer businesses to private-equity firm Palladium Equity Partners in a deal that could be worth up to $110 million. According to Finextra, Global Payments will receive between $85 million and $110 million, based on the operating performance of the business determined at the time of closing.
The businesses have over 700 branches in the United States and Europe, providing money transfer services for millions to destinations in Latin America, Morocco, and the Philippines. Under the terms of the deal,
Read more at Finextra
![Reblog this post [with Zemanta]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_sAOjkVP-2BD5ViQi8qyx6RQFHbapklSSc-nnwaXBPEVgpVpnc42PHazyd-BYx-yg1kqiZXH1-dNyO6jRqmJ2fDjYwYbRm7l5Noh9J0REjto2ymi0P6BrH-p6IH8p3bJyNPlKVRyWp9sv37GZdtROLg=s0-d)
