ChangeGroup New Zealand has been acquired by Fexco Pacific
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.
Talk to the deal team
Related deals
PCI Pal has completed an equity raise
PCI Pal has completed a fundraising. Funds will be allocated towards several key areas, with a significant portion directed towards supporting its continued expansion in the US, focusing on marketing efforts, product marketing and enhancing engagement with key partners.
Learn moreWhite Lab has acquired Testing
White Lab Srl. has acquired Testing Srl.
Learn moreHC Partners has successfully raised debt financing for the acquisition of AQ Group
HC Partners, a Netherlands-based private equity firm, has raised debt financing for its acquisition of the HVAC installation business AQ Group. The financing was provided by ING and Aegon Asset Management. The tailored debt package provides the necessary flexibility in accordance with HC Partners’ vision and AQ Group’s foreseen growth trajectory.
Learn more