LONDON & SEATTLE--(BUSINESS WIRE)--Goldfinch Partners LLC and The Baupost Group, LLC announced they reached a major milestone today with its initial closing in the acquisition of Western Union Business Solutions (WUBS) for $910 million. WUBS, which will be renamed Convera as a new standalone B2B global payments company, had a record 2021 with over 20 percent revenue growth and payments volume of $170 billion. Patrick Gauthier, who was most recently the Global Head of Amazon Pay, will serve as Convera’s CEO.
Goldfinch Partners, a private equity firm with approximately $1 billion of equity invested in digital transformation transactions across industry verticals, today announced the continued growth of its Investment Team with the addition of Bianca Tomkoria as Vice President and Billy Leung as Senior Associate.
Goldfinch Partners, a private equity firm with approximately $1 billion of equity invested in digital transformation transactions across industry verticals, today announced that William Abbott is joining the firm as Principal.
SEATTLE - Goldfinch Partners, a private equity firm with approximately $1 billion of equity invested in digital transformation transactions across industry verticals, today announced that Matthew F. Herman will join as a Partner of the Firm and General Counsel in November 2021.
Fintech veteran Patrick Gauthier joins as future CEO along with additional senior executives Launch of Convera follows announced acquisition of B2B payments and foreign exchange solutions division of Western Union for $910 million by Goldfinch Partners and The Baupost Group.
Gavin Michael, former head of technology of Citi’s Global Consumer Bank, joins Bakkt as CEO Bakkt investors will roll their equity into the combined company, with Intercontinental Exchange contributing an additional $50 million in capital.
Private equity firm acquires fintech player, Vesta New capital will enable the company to accelerate global expansion in telco and e-commerce payments fraud protection, new product development and deployment
Bakkt launched two years ago with the vision of building trust in and unlocking the value of digital assets for institutions and consumers alike. Since then, we have been focused on delivering that vision. In 2019 we helped launch the first end-to-end regulated market for bitcoin and an institutional bitcoin custody offering too.
Catalant Technologies today announced the close of $35 million of additional funding from its Series E equity round and expansion of its existing debt facility to scale its product offering and expand into new global markets.