Fexco Pacific has announced the acquisition of the licensed Bureau de Change and Western Union outlets of ChangeGroup New Zealand. Financial terms of this transaction have not been disclosed.
ChangeGroup New Zealand is one of the world’s leading providers of foreign currency and tourist services to the international traveler. Founded in 1992 ChangeGroup has progressively grown and currently has operations across Europe, North America and Asia-Pacific.
Fexco Pacific is part of FEXCO, Ireland’s leading, privately owned financial services company operating in Europe, the Americas, the Middle East and Asia-Pacific. Over its 30 year history, FEXCO has become an internationally recognized specialist provider of financial transaction processing, foreign exchange and outsourcing services.
Oaklins' team in Australia, together with Oaklins Cavendish, based in the UK, advised the seller in this transaction.
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