Nachrichten August 30, 2014

Shearman & Sterling Advises Bridgepoint on Its £212 Million Acquisition of Moneycorp

Shearman & Sterling advised Bridgepoint on its £212 million ($351.55 million) acquisition of Moneycorp from SOF Investments.

Moneycorp is one of the largest specialist foreign exchange providers in the market targeting customers through a multi-channel offering, serving both SME corporate and private customers. In 2013, it recorded gross income of £97.2 million and handled over £10 billion of currency trades. In 2013, it also acquired Thomas Cook's corporate foreign exchange business.

Bridgepoint is a major international private equity group focused on investing in market-leading businesses. Established over 25 years ago, it has over €20 billion of committed capital from a global investor base.

The Team