MoneyGram International, Inc. (NASDAQ: MGI) (the “Company”), a global leader in money transfer services and the evolution of digital P2P payments, and Madison Dearborn Partners, LLC (MDP), a leading private equity firm based in Chicago, have announced a definitive agreement under which funds affiliated with MDP will acquire all outstanding shares of MoneyGram for US$11 per share in an all-cash transaction valued at approximately US$1.8 billion. In addition, at closing, MDP will also be refinancing the Company’s outstanding debt of approximately US$800 million.
Latham & Watkins LLP represents MDP in the transaction with an M&A team led by Chicago partners Neal J. Reenan, Ian Bushner, and Christopher Drewry, with associates William Nahill, Cory Lewis, Valentina Oliver, Dalton Powell, Micah Kamoe, and Andrew Rondeau. Advice was also provided on compliance matters by New York partner Michael Bosworth, with associates Jack McNeily and Gabriel Slater; on emerging payment technologies/money transmission compliance matters by Washington, D.C. partner Todd Beauchamp, with associates Charles Weinstein and Loyal Horsley; on benefits and executive compensation matters by New York partner Jennifer Pepin, with associates Leah Segall and Victoria Wolfe; on antitrust and HSR matters by Bay Area partner Kelly Smith Fayne, Brussels partner Hector Armengod, and Washington, D.C. counsel Joseph Simei; on foreign direct investment matters by Hamburg counsel Jana Dammann de Chapto, with associate Ben Isaacs; on anti-corruption and sanctions matters by Washington, D.C. partners Eric Volkman and Erin Brown Jones, with associate Ehson Kashfipour; on cryptocurrency regulatory matters by New York partners Douglas Yatter and Benjamin Naftalis; on data privacy matters by London partner Fiona Maclean and Bay Area counsel Robert Blamires, with associates Adriana Beach, Irina Vasile, Eing Kai Timothy Neo, and Austin Anderson; on intellectual property matters by Washington, D.C. partner Jeremiah Wolsk and London partner Christian McDermott, with associates Maria Adebayo and Ryan Sanders; on tax matters by Bay Area partner Katharine Moir, with associate Pierce Pandolph; on labor and employment matters by Chicago partner Nineveh Alkhas, with associate Ana Cenaj; on real estate matters by Chicago counsel Jeffrey Anderson; and on environmental matters by Washington, D.C. partner James Barrett, with associate Phil Sandick.
