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RSS FeedsSafeguard Scientifics made $57 million from Mastercard`s latest acquisition
(World News USA)

 
 

20 may 2019 14:06:02

 
Safeguard Scientifics made $57 million from Mastercard`s latest acquisition
(World News USA)
 


Mastercard`s recently completed acquisition of an online bill payment company brought in $57 million for Radnor-based Safeguard Scientifics, the investment firm announced Friday. Safeguard invested $14.5 million in Transactis in 2014 and held a 24% stake in the company. The deal, which represents a 3.4-times cash-on-cash return, comes as Safeguard`s in the process of winding down operations and monetizing its investments across what`s now 18 remaining portfolio companies. Including the Transactics... ......


 
1 viewsCategory: General > North America > USA
 
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