Most travellers will have seen one of Travelex’s 700 foreign-exchange outlets at airports, ports or railway stations around the world. The company estimates that 1.7 billion people a year pass through the airports where it operates. It also handles international payments for 35,000 firms and is the world’s largest issuer of international pre-paid cards. Peter Jackson, the new chief executive, joins a team headed by founder and executive chairman Lloyd Dorfman. Apax bought a 57% stake in the group in a £1.1 billion deal in 2005. Sales reached £599m in 2009 and debt of £1.5 billion was reported.
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