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Value added Global Refund, incorporated in The Netherlands, is the world-leader in Value Added Tax (VAT) refund services to travellers, processing approximately 90% of the outsourced global VAT refund market. The company has a presence in more than 37 countries, with over 200 international Cash Refund offices on four continents, supporting clients in Europe, Asia and the Americas.
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Apax Partners sells Global Refund to Barclays Private Equity
The shareholders of Global Refund Holdings BV, which include funds advised by Apax Partners, have reached an agreement for the sale of the Company to Barclays Private Equity. The transaction values the Company at more than €360 million.
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Acquisition of Hub International completed
Hub International Limited announced today the completion of the plan of arrangement pursuant to which funds advised by Apax Partners together with Morgan Stanley Principal Investments acquired all of Hub’s common shares for $41.50 per share.
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Travelex to acquire Ruesch International
Travelex, the world’s largest non-bank provider of international payment services, announced today that it has agreed to acquire Ruesch International from Welsh, Carson, Anderson & Stowe for US$440 million.
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