GTCR Banks On Former MBNA Exec

Davis, Avram
July 2009
Mergers & Acquisitions Report;7/20/2009, Vol. 22 Issue 29, p24
The article reports on the partnership of GTCR Golder Rauner LLC with former vice chairman Michael Rhodes. Under the partnership, the private equity firm has committed 300 million dollars to invest in acquisitions of credit card businesses. The new company, to be named Palladian Financial Holdings LLC, will be based in Wilmington, Delaware, and will focus on achieving growth through consumer loyalty, rewards initiatives and affinity programs.


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