Madison Dearborn Partners, a private equity investment firm based in Chicago, has acquired MoneyGram International Inc., a global financial technology company, for $11 per share.

Through its fintech offerings, MoneyGram offers customers the ability to send money to family and friends, and buy, sell and hold cryptocurrencies on its app. The company is based in Dallas, Texas. MoneyGram’s common stock has ceased trading and will be delisted from the Nasdaq.

“MDP looks forward to providing the platform and resources for the MoneyGram team to capitalize on the numerous opportunities ahead and further enhance its market-leading cross-border capabilities,” says Brendan Barrett, a managing director on MDP’s financial and transaction services team

BofA Securities Inc. served as financial advisor to MoneyGram, Vinson & Elkins LLP acted as legal counsel and Paul Hastings LLP acted as financial services regulatory counsel. Goldman Sachs & Co. LLC acted as financial advisor to MDP, Deutsche Bank Securities Inc., Barclays and J.P. Morgan Securities LLC acted as financial advisors to MDP and Latham & Watkins LLP, Kirkland & Ellis LLP and Covington & Burling LLP provided legal counsel.