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GTCR Announces Partnership with Michael Rhodes to Form Palladian Financial Holdings.

Publication: Mergers & Acquisitions Business
Publication Date: 29-JUL-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
GTCR, a leading private equity firm, announced it has entered into a partnership with Michael Rhodes to form Palladian Financial Holdings, LLC ("Palladian"). Palladian, headquartered in Wilmington, Delaware, will focus on creating a leading platform to provide a variety of services related to consumer credit, payments and loyalty/rewards. GTCR plans to invest up to $300 million of equity capital to support management's strategy. Mr. Rhodes will serve as CEO of Palladian.

Rhodes, a 15-year financial services industry veteran, was formerly Vice Chairman at MBNA, the highly successful credit card issuer built over 23...

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