Ogier Jersey advises Palamon Capital Partners on the £200 million acquisition of Currencies Direct

Ogier Jersey has advised Palamon Capital Partners on its joint acquisition with Corsair Capital of Currencies Direct, a leading provider of foreign exchange and international payment solutions to private and corporate clients.

The transaction is valued in excess of £200 million and is expected to complete by the end of this year, subject to regulatory approvals and other conditions.

Founded in 1996, Currencies Direct is one of Europe’s largest foreign exchange specialists.  It has a global market presence with offices in Africa, Asia, Europe, the Middle East and the United States.

The acquisition represents another investment for Palamon Capital Partners, a pan-European growth investor, on which Ogier has advised.

Partner Raulin Amy and Senior Associate Saraid Taylor provided Jersey law advice, working in conjunction with Slaughter and May on the transaction.