Private equity group 'in the running' for Travelex

The backers of Philip Green’s ill-fated bid for Marks & Spencer are in the running to take over the world’s biggest foreign exchange company, it was reported today.

The private equity arm of investment group Goldman Sachs, which supported the billionaire retailer’s second bid for M&S, has made it onto a shortlist of bidders for Travelex, the Sunday Times said.