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- Press Release
B. Riley Represents American Banknote Corporation in the Announced Sale of its European Card Operations to Morpho
B. Riley is acting as exclusive financial advisor to American Banknote Corporation (ABnote) in the announced sale of its European card manufacturing and personalization operations to Morpho Cards GmbH, for an undisclosed amount. The sale to Morpho will enable ABnote to redeploy resources for growth in the increasingly technology-driven North American and Australasian markets, in which it currently commands a leading presence.
B. Riley’s Managing Director Ryan Bernath and Senior Vice President Salomon Kamalodine lead the banking team.
Founded in 1795 by American Patriot Paul Revere, Fort Lee, N.J.-based ABnote is a leading and trusted global provider of secure document solutions. Its primary products include EMV and mag stripe financial cards, identification documents and secure documents. ABnote is also a leader in innovative services and solutions such as its NFC mobile payment platform, multiple TSMs throughout the world, and personalization, secure warehousing, distribution and fulfillment capabilities worldwide.
Germany-based Morpho, a high-technology company in the Safran group, is one of the world’s leading suppliers of identification, detection and e-document solutions.