Palamon, Corsair to Acquire Currencies Direct in £200M+ Deal
August 12, 2015
Palamon Capital Partners and Corsair Capital have agreed to jointly acquire control of Currencies Direct, a specialist provider of foreign exchange (FX) and international payment solutions to private and corporate clients. Valued at over £200 million, the transaction is expected to close by year end. Currencies Direct's Private FX segment provides services to more than 150,000 registered retail clients; the company's Corporate FX segment serves SME clients for import/export-related activities across a variety of industries, including ecommerce.