Funds managed by Blackstone Tactical Opportunities (Blackstone) have agreed to make a GBP140 million strategic investment in Currencies Direct, a global provider of digital foreign exchange (FX) and international payment services to private clients and small and medium sized enterprises (SMEs).
The investment will be made in partnership with Currencies Direct’s management team, led by Keith Hatton, and Palamon Capital Partners and Corsair (“the Sponsors”), which will retain their majority co-controlling stake in the Company.
Blackstone’s strategic investment will be used to accelerate the Company’s growth ambitions through further acquisitions.
Read more: Private Equity Wire
