27 04 2016

Travelex Holdings Limited's $490 million financing

Mourant Ozannes has advised the shareholders of Travelex Holdings Limited on a US$490 million financing.


Travelex Holdings Limited, through its subsidiaries, engages in global business payments, currency exchange services and cards, and mobile payments. Mourant Ozannes previously acted on the acquisition of Travelex in January 2015 by a consortium led by UAE investment firm Centurion Investments and Abu Dhabi entrepreneur Dr. B. R. Sheety, chairman of UAE Exchange.  The financing was part of a larger US$890 million financing which will support the growth of UAE Exchange Centre LLC and Travelex. The Mourant Ozannes team was led by partner James Hill (Picture) and senior associate Andrew Salisbury, who worked closely with Linklaters as English legal advisers. Involved fees earner: James Hill - Mourant Ozanne; Andrew Salisbury - Mourant Ozanne;

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