July 10, 2014 8:31 PM ET

Consumer Finance

Company Overview of Travelex Holdings Limited

Company Overview

Travelex Holdings Limited, through its subsidiaries, engages in global business payments, currency Services and cards & mobile Payments. The company was formerly known as Trapax Payments Limited and changed its name to Travelex Holdings Limited in May, 2006. Travelex Holdings Limited was incorporated in 2005 and is based in London, United Kingdom.

65 Kingsway

London,  WC2B 6TD

United Kingdom

Founded in 2005

Phone:

44 20 7400 4000

Fax:

44 20 7400 4001

Key Executives for Travelex Holdings Limited

Travelex Holdings Limited does not have any Key Executives recorded.

Travelex Holdings Limited Key Developments

Travelex Holdings Limited Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Travelex Holdings Limited reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, revenue was £150 million against £134.7 million a year ago. Operating profit before depreciation, amortization and exceptional items was £7.4 million against operating loss before depreciation, amortization and exceptional items of £1.1 million a year ago. Operating loss was £3.1 million against £9.7 million a year ago. Loss before tax was £44.5 million against £42.6 million a year ago. Loss for the period from continuing operations was £45.4 million against £41.1 million a year ago. Loss for the period attributable to owners of the parent was £45.2 million against £42.4 million a year ago. Cash flows from operating activities were £243.4 million against £141.9 million a year ago. Purchase of property, plant, equipment, software and development expenditure was £8.8 million against £11.9 million a year ago.

Apax Reportedly In Talks To Sell Travelex

An unnamed Asian buyer has approached Apax Partners LLP to acquire Travelex Holdings Limited for £1 billion, according to The Sunday Telegraph newspaper. The talks are unsolicited, but this can still trigger a formal sales process later in 2013. Press Association Mediapoint added that Apax declined comments.

Travelex Holdings Limited Presents at 2012 Bank of America Merrill Lynch Leveraged Finance Conference, Dec-05-2012 08:50 AM

Travelex Holdings Limited Presents at 2012 Bank of America Merrill Lynch Leveraged Finance Conference, Dec-05-2012 08:50 AM. Venue: Boca Raton Resort & Club, 501 East Camino Real, Boca Raton, Florida, United States. Speakers: Michael Ball, CFO.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 23, 2014
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