Goldfinch Partners & Baupost Acquire Western Union Business Solutions (renamed Convera)

March 1, 2022

Goldfinch Partners and The Baupost Group have completed an initial closing to acquire Western Union Business Solutions for $910 million, creating a standalone B2B global payments company to be renamed Convera. The business recorded strong growth in 2021 (roughly $170 billion in payments volume) and will be led by incoming CEO Patrick Gauthier as the new owners invest in product, technology and talent to accelerate growth.

Buyers
Goldfinch Partners, The Baupost Group
Targets
Western Union Business Solutions (to be renamed Convera)
Sellers
The Western Union Company
Location
Washington, United States
Transaction Type
Buyout

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.