Slaughter and May is advising Palamon Capital Partners and Corsair Capital on their joint acquisition of Currencies Direct, a leading provider of currency exchange and international payment solutions to private and corporate clients.

Currencies Direct has an established market presence in the UK, Europe, Australia, South Africa and the United States. The transaction is valued at approximately £200 million and is expected to complete by the end of 2015, subject to regulatory approvals and other conditions.

CONTACTS

Corporate and Private Equity: Susannah Macknay (partner), Alexandra McKenzie (associate), Ella Smith (associate), Duncan Mykura (trainee); Financing: Caroline Phillips (partner), Andrew Chaplin (associate), Anthony Phillips (associate); Tax: Mike Lane (partner), Charles Osborne (associate); Pensions and Employment: Jonathan Fenn (partner), Lucy Duane (associate); Financial Regulation: Jan Putnis (partner), James Mead (associate); IP/IT: Oliver Savage (associate); Real Estate: Nicholas Tassoni (associate)