August 29, 2014 BY Mike Fox

Bridgepoint buys Forex provider Moneycorp for $352m

European private equity firm Bridgepoint has bought British foreign exchange provider Moneycorp for 212 million pounds ($351.8 million), the fund said on Friday. Moneycorp is owned by SOF Investments, which was spun out of Royal Bank of Scotland in 2013 as part of the state-owned bank's plans to shed non-core divisions. Moneycorp focuses on both…

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