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
- Industry
- Payments & Fintech
- Location
- United Kingdom
- Transaction Type
- Growth capital
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