Blackstone Tactical Opportunities Makes £140M Strategic Investment in Currencies Direct

March 8, 2022

Funds managed by Blackstone Tactical Opportunities agreed to make a £140 million minority strategic investment in Currencies Direct, partnering with the company's management and existing sponsors Palamon Capital Partners and Corsair, who will retain a majority co-controlling stake. The capital will be used to accelerate Currencies Direct’s growth—including targeted M&A—and Blackstone will join the company's board to support expansion of its digital FX and international payments platform.

Buyers
Blackstone Tactical Opportunities (funds managed by Blackstone)
Targets
Currencies Direct
Location
United Kingdom
Transaction Type
Growth capital

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