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March 3, 2022

Goldfinch Partners

Goldfinch Partners and The Baupost Group announced they reached a major milestone with its initial closing in the acquisition of Western Union Business Solutions (WUBS) for $910 million. WUBS will be renamed Convera. Patrick Gauthier, who was most recently the global head of Amazon Pay, will serve as Convera's CEO. Convera is the largest non-bank fintech in global B2B payments and has a global reach with capabilities in over 140 currencies. Convera's customers include more than 30,000 small and medium-sized businesses, educational institutions, financial institutions, law firms and NGOs. Convera will add several veteran fintech professionals to its leadership team with experience at companies including Amazon, BCG, BCG Digital Ventures, PayPal and Visa. These include Jodi Krause (chief people officer), Dharmesh Syal (chief technology officer), Jody Visser (chief transformation officer) and Drew Weinstein (chief commercial officer). They are joining the existing WUBS leadership team including Michel Foricher (head of operations), Andrew Summerill (chief financial officer) and Tristan van der Vijver (chief compliance and risk officer). Goldfinch Partners is headquartered in Seattle, and has investment professionals in the Bay Area and New York City. The Baupost Group is a Boston-based investment manager firm.




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