Western Union Business Solutions has become Convera

Goldfinch Partners and The Baupost Group consortium acquired Western Union Business Solutions and now has become Convera

Western Union announces agreement to sell Western Union Business Solutions to Goldfinch Partners and The Baupost Group for Approximately $910 Million in Cash. Convera was formed to acquire the assets and companies that today comprise Western Union Business Solutions, a division of The Western Union Company. Convera’s acquisition of Western Union Business Solutions is subject to requisite works council and trade union consultations, regulatory approvals and other customary closing conditions. Following this acquisition, Convera will become one of the largest non-bank B2B cross-border payments companies in the world. Leveraging decades of industry expertise to deliver smarter money movements, Convera is committed to ensuring that our customers capture more value with every transaction.

www.convera.io