Overview of Transaction

• On March 8, 2022, Blackstone announced it has agreed to make a £140 million (~$184 million) strategic investment in Currencies Direct
• Currencies Direct is a leading global provider of digital foreign exchange and international payment services to private clients and small and medium sized enterprises
• Blackstone will join the Currencies Direct Board of Directors. Palamon and Corsair will retain their majority co-controlling stake in the Company and will partner with Blackstone to accelerate Currencies Direct’s organic growth ambitions and target M&A opportunities across B2B, B2B2C and B2C platforms globally

Significance of Transaction

• Through this investment, Blackstone will accelerate Currencies Direct’s organic growth ambitions and target M&A opportunities across B2B, B2B2C and B2C platforms globally

FT Partners' Role

• FT Partners served as financial and strategic advisor to Blackstone
• FT Partners previously advised Currencies Direct on its sale to Palamon Capital Partners and Corsair Capital in 2015
• This transaction underscores FT Partners' deep FinTech expertise and its continued success in providing buy side advisory to top-tier financial sponsors