MoneyGram Bailout Could Give THL Control

January 2008 | Private Equity News Alert

Global payment service company MoneyGram International is in talks with T H Lee about a potential 65 percent acquisition by the Boston-based buyout firm. MoneyGram, which runs money transfer, money orders and payment processing services, has seen its huge investment portfolio take a hammering after it took significant exposure to subprime-related investments.

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