Euronet challenges Alibaba's acquisition of PE-backed MoneyGram
US payment services company Euronet Worldwide has extended a buyout offer worth about $2 billion for NASDAQ-listed MoneyGram, contesting a bid made earlier this year by Alibaba Group’s PE-backed affiliate Ant Financial. The pending sale will provide an exit for Thomas H. Lee Partners (THL).
Earlier this year, MoneyGram accepted an offer from Ant Financial to buy all MoneyGram shares for $13.25 apiece in cash. The Chinese financial services company would also assume or refinance MoneyGram’s...
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Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
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India's InCred announces $60m round, claims unicorn status
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Insight leads $50m round for Australia's Roller
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