Slaughter and May is advising Palamon Capital Partners and Corsair Capital - joint acquisition of Currencies Direct

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.