Slaughter and May is advising Palamon, Corsair and Currencies Direct on a £140 million strategic investment by Blackstone Tactical Opportunities

Slaughter and May is advising Palamon Capital Partners, Corsair and Currencies Direct on a £140 million strategic investment by Blackstone Tactical Opportunities in Currencies Direct, a leading global provider of digital foreign exchange and international payment services to private clients and small and medium sized enterprises.

In connection with its investment, Blackstone Tactical Opportunities will join the Currencies Direct Board of Directors, while Palamon and Corsair will retain their majority co-controlling stake in the Company.