Financial Services


Assets of Change Group NZ



Acquired By

Assets of Change Group NZ / Fexco

Cavendish Corporate Finance, together with our network partner firm Baron Partners, are pleased to announce the sale of the licensed Bureau de Change and Western Union outlets of ChangeGroup New Zealand to Fexco Pacific. The transaction completed on 27th of March 2013.

ChangeGroup is one of the world’s leading providers of foreign currency and tourist services to the international traveller. Founded in 1992 ChangeGroup has progressively grown and currently has operations across Europe, North America and Asia Pacific.

Fexco Pacific is part of FEXCO, Ireland’s leading privately owned financial services company, employing over 1,700 people across its operations in Europe, the Americas, the Middle East and Asia Pacific. Over its 30 year history, FEXCO has become an internationally recognized specialist provider of financial transaction processing, foreign exchange and outsourcing services.

Speaking about the acquisition, Chris Wilby, Group General Manager, Fexco Pacific, said “This acquisition significantly enhances our dedicated network in Auckland and Rotorua, giving our customers much greater convenience. This acquisition provides a strong platform for expansion of our network in New Zealand.

Key Contacts

Peter Gray


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