- In July 2021, both the Financial Times and Bloomberg reported that private equity rockstar, Advent International, was seriously considering bidding for MoneyGram.
- On the July 30, 2021 Q2 FY 2021 conference call, CEO, Alex Holmes, dashed the market hopes, as he signaled 'we won't go quietly into the night and sellout' speech.
- Despite resolving the DPA agreement, refinancing its debt at attractive rates, and spitting off strong free cash flow, the market is giving Alex Holmes a 'no confidence vote'.
- As a contrarian and value investor, it doesn't take an overly active imagination to work out an activist hedge fund could get involved here.
For further details see:
MoneyGram International: Only A Matter Of Time Before An Activist Gets Involved