MoneyGram Payment Services, Inc.

Overview

Date Founded

1940

Headquarters

2828 North Harwood Street, 15th Floor, Dallas, TX, 75201, USA

Type of Company

Public

Employees (Worldwide)

2,436

Industries

Retail & Commercial Banking
Securities & Commodities Exchanges
Accounting & Financial Services
Other Business & Consulting Services

Company Description

MoneyGram International, Inc. is a global payment services company, which offers global money transfers, bill payment solutions and money orders. It operates through the following business segments: Global Funds Transfer and Financial Paper Products. The Global Funds Transfer segment provides money transfer services. The Financial Paper Products segment offers money orders to consumers through retail and financial institutions. The company was founded in 1940 and is headquartered in Dallas, TX.

Website

http://www.moneygram.com

Contact Data

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In The News

PR Newswire

July 15, 2019

MoneyGram to Release Second Quarter 2019 Results

Law360

July 1, 2019

MoneyGram Can't Blame $125M Fine On Software: Investors

SNL Financial

July 1, 2019

MoneyGram secures revolving credit, term loan facilities

Banking and Credit News

June 28, 2019

MoneyGram offers new flat fee pricing in partnership with Canada Post

PR Newswire

June 26, 2019

MoneyGram International Reports Successful Refinancing

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Executives & Employees

W. Alexander Holmes

Chairman of the Board & Chief Executive Officer

Lawrence Angelilli

Chief Financial Officer & Executive Vice President

F. Aaron Henry

Executive Vice President, General Counsel & Corporate Secretary

Joann Chatfield

Chief Marketing Officer

Andres Villareal

Chief Compliance Officer

John Stoneham

Chief Accounting Officer & Controller

Grant Anthony Lines

Global Chief Revenue Officer

Rebecca L. Lobsinger

Vice President, Controller & Chief Accounting Officer

Laura Gardiner

Chief Human Resources & Communications Officer

Kamila Chytil

Chief Global Operations Officer

Board of Directors

W. Alexander Holmes

Chairman of the Board & Chief Executive Officer at MoneyGram Payment Services, Inc.

Antonio O. Garza

Counsel at White & Case LLP

J. Coley Clark

President at BTC International Holdings, Inc.

Seth W. Lawry

Advisory Partner at Thomas H. Lee Partners LP

Michael P. Rafferty

Former Partner at Ernst & Young LLP

Ganesh B. Rao

Managing Director at Thomas H. Lee Partners LP

Victor W. Dahir

Former Chief Financial Officer at Visa, Inc.

Peggy Vaughan

Former Vice President at International Business Machines Corporation

W. Bruce Turner

Former President, Chief Executive Officer & Chief Operating Officer at GTECH Holdings Corp.

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Owners & Shareholders

Details Hidden

Thomas H. Lee Partners LP

Thomas H. Lee Partners (THL) focuses on identifying and obtaining substantial ownership positions in large growth-oriented companies. The firm targets companies that can capitalize on key competitive advantages to increase revenue and free cash flow through market growth, market share gains, distribution or product line expansion and/or market consolidation. They look for companies with well-recognized brand names, dominant market share positions, unique product features and/or distribution, manufacturing or other cost advantages. THL focuses on investments in the following industries: business services, information services, consumer products/retail, financial services, healthcare, industrial and media/communications.

Details Hidden

Beach Point Capital Management LP

Beach Point Capital Management (BCP) specializes in distressed debt, high yield bonds, corporate loans and other credit-related investments. The firm offers funds and customizable managed accounts in the following strategies: High Yield (Loans and Bonds); Opportunistic credit (Full Spectrum); and Distressed, Securitized Credit and Special Situations.

Details Hidden

Beach Point Capital Management LP

Beach Point Capital Management (BCP) specializes in distressed debt, high yield bonds, corporate loans and other credit-related investments. The firm offers funds and customizable managed accounts in the following strategies: High Yield (Loans and Bonds); Opportunistic credit (Full Spectrum); and Distressed, Securitized Credit and Special Situations.

Recent Transactions

Details Hidden

MoneyGram Payment Services, Inc. purchases Nexxo Financial Corp. from Sutter Hill Ventures LLC, Split Rock Partners LLC, Menlo Ventures Management LP, Agile Capital Partners LLC

Details Hidden

MoneyGram Payment Services, Inc. purchases MTI Money Transfer Ltd.

Details Hidden

MoneyGram Payment Services, Inc. issued Common Stock

Transaction Advisors

Auditor

Deloitte & Touche LLP

Advised onMoneyGram Payment Services, Inc. issued Common Stock

Legal Advisor

Dorsey & Whitney LLP

Advised onMoneyGram Payment Services, Inc. purchases PropertyBridge, Inc. from Claremont Creek Ventures

Underwriter

Goldman Sachs & Co. LLC

Advised onMoneyGram Payment Services, Inc. issued Common Stock

Legal Advisor

Alan J. Bogdanow

Advised onMoneyGram Payment Services, Inc. issued Common Stock

Legal Advisor

Arun K. Birla

Advised onMoneyGram Payment Services, Inc. purchases MTI Money Transfer Ltd.

Legal Advisor

Ben Regnard-Weinrabe

Advised onMoneyGram Payment Services, Inc. purchases MTI Money Transfer Ltd.

Advisors & Consultants

Legal Advisor

Paul M. Basta

Partner at Paul, Weiss, Rifkind, Wharton & Garrison LLP

Legal Advisor

Liza L. S. Mark

Partner at Haynes and Boone LLP

Legal Advisor

Ashley Gregory

Partner at Kirkland & Ellis LLP

Clients

Walmart, Inc.

Walmart, Inc. engages in retail and wholesale business. It operates through the following business segments: Walmart U.S., Walmart International, and Sam's Club. The Walmart U.S. segment perates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands. The Walmart International segment manags supercenters, supermarkets, hypermarkets, warehouse clubs, and cash & carryl. The Sam's Club segment comprises membership-only warehouse clubs and samsclubs.com. The company was founded by Samuel Moore Walton and James Lawrence Walton in 1945 and is headquartered in Bentonville, AR.

Government of Canada

Massy Holdings Ltd.

Massy Holdings Ltd. operates as a holding company, with interests in trading, manufacturing, finance and service industries. It operates through six segments: Automotive and Industrial Equipment, Energy and Industrial Gases, Integrated Retail, Financial Services, Information Technology and Communications and Other Investments. The Automotive and Industrial Equipment segment engages in the sale of new and used vehicles, spare parts & industrial equipment and also includes the manufacturing and sale of pre-stressed concrete products and the installation of deep foundations. The Energy and Industrial Gases segment focuses on the sale of gas and the provision of electrical, instrumentation and construction services for offshore platforms. The Integrated Retail segment engages in the sale of retail & wholesale foods, general merchandise & distribution and logistics operations. The Financial Services segment includes United Insurance Co. Ltd., which acts as insurer for property, motor, liability and marine risk. The Information Technology and Communications segment engages in the sale and rental of technology-based solutions, office interiors and the provision of long-distance communications. The Other Investments segments focuses on property management and other services. The company was founded in 1923 and is headquartered in Port of Spain, Trinidad and Tobago.

Key Stats and Financials As of 2018

Market Capitalization

$141M

Total Enterprise Value

$1.07B

Earnings Per Share

$-0.37

Revenue

$1.45B

Net Profit

$-24M

EBITDA

$162M

EBITDAMargin

11.23%

Total Debt

$901M

Total Equity

$-269M

Enterprise Value Sales

0.74x

Enterprise Value EBITDAOperating

6.57x

TEVNet Income

-44.5x

Debt TEV

0.84x

Three Year Compounded Annual Growth Rate Of Revenue

0.3%

Five Year Compounded Annual Growth Rate Of Revenue

-0.37%

Non-Profit Donations & Grants

$25K

2015

AmeriCares Foundation, Inc.

$1,000 - $10K

2014

Inter-American Dialogue

$500 - $999

2007

Animal Humane Society

Political Donations

$1,000

2008

Patricia Wiggins

Suppliers

Globant SA IT Consulting & Services | Luxembourg, LU

Globant SA engages in the provision of information technology services. It offers application development and maintenance, testing, and infrastructure management. The company was founded by Martín Migoya, Martín Gonzalo Umaran, Guibert Andrés Englebienne and Néstor Nocetti in 2003 and is headquartered in Luxembourg.

ACI Worldwide, Inc. Other Business & Consulting Services | Charlotte, NC

ACI Worldwide, the Universal Payments (UP) company, powers electronic payments for more than 5,100 organizations around the world. More than 1,000 of the largest financial institutions and intermediaries as well as thousands of leading merchants globally rely on ACI to execute $14 trillion each day in payments. In addition, thousands of organizations utilize their electronic bill presentment and payment services. Through their comprehensive suite of software and SaaS-based solutions, they deliver real-time, any-to-any payments capabilities and enable the industry's most complete omni-channel payments experience.

TIO Networks Corp. Other Business & Consulting Services | Vancouver, BC

TIO Networks Corp. operates as an information technology company that specializes in processing bill payment transactions through a secure Internet enabled platform. The firm provides multi-channel bill payment processing capabilities and retail money order services and its bill payment services are offered through a number of distinct channels or systems, which include self-service kiosks, clerk-assisted point of sale, mobile and web. It operates through the following segments: Telecom, Biller and Agent, and Consumer Financial Solutions. The company was founded by Hamed Shahbazi on August 27, 1997 and is headquartered in Vancouver, Canada.

Competitors

Western Union Co. Retail & Commercial Banking - Englewood, CO

The Western Union Co. is a holding company, which engages in the provision of money transfer and payment services. It operates through the following segments: Consumer-to-Consumer; Business Solutions; and Other. The Consumer-to-Consumer segment facilitates money transfers between two consumers. The Business Solutions segment offers payment and foreign exchange solutions, primarily cross-border, cross-currency transactions, for small and medium size enterprises and other organizations and individuals. The Other segment comprises electronic-based and cash-based bill payment services. The company was founded in 1851 and is headquartered in Denver, CO.

Walmart, Inc. Retail: Food & Beverage - Bentonville, Arkansas

Walmart, Inc. engages in retail and wholesale business. It operates through the following business segments: Walmart U.S., Walmart International, and Sam's Club. The Walmart U.S. segment perates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands. The Walmart International segment manags supercenters, supermarkets, hypermarkets, warehouse clubs, and cash & carryl. The Sam's Club segment comprises membership-only warehouse clubs and samsclubs.com. The company was founded by Samuel Moore Walton and James Lawrence Walton in 1945 and is headquartered in Bentonville, AR.

Government of the United States of America Government - Washington, DC

The Government of the United States of America is the federal government of the republic of fifty states that constitute the United States, as well as one capital district, and several other territories. The federal government is composed of three distinct branches: legislative, executive and judicial, whose powers are vested by the U.S. Constitution in the Congress, the President, and the federal courts, including the Supreme Court, respectively.

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