The owners, which include former bondholders that took control of Travelex through a debt restructuring, are working with advisers at Barclays and Smith Square Partners to gauge buyer interest, said two of the people.Deliberations are still preliminary, and there is no certainty that a sale will proceed, said the people, who declined to be named because the talks are not public.
Barings, Barclays, Smith Square and Vector Capital declined to comment. Corre, Mariner and Travelex did not immediately respond to requests for comment. It then went through a pre-pack administration that led to more than 1,300 job losses and saw its creditors seize control.
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