Palamon Capital Partners, a pan-European growth investor, and Corsair, a leading private equity firm targeting services, software, and payments investments in the financial services market, today announced that funds managed by Blackstone Tactical Opportunities have agreed to make a £140 million strategic investment in Currencies Direct, a leading global provider of digital foreign exchange and international payment services to private clients and small and medium sized enterprises.

Palmon announce that portfolio company Currencies Direct, a global leader in digital foreign exchange and international payment services to high value private clients and SMEs, completed a £165 million dividend recapitalisation.

Palamon Capital Partners has agreed the sale of Towry to Tilney Bestinvest for £600 million, subject to regulatory approvals.  The sale will result in total Sterling investment returns for Palamon of 13 times invested capital.

Palamon Capital Partners, a pan-European growth investor, and Corsair Capital, a leading private equity investor in global financial services, today announced an agreement to jointly acquire control of Currencies Direct, a leading specialist provider of foreign exchange (“FX”) and international payment solutions to private and corporate clients. The transaction value exceeds £200 million.

Palamon Capital Partners, one of Europe’s leading mid-market private equity firms, has agreed the sale of Retail Decisions (“ReD”) to ACI Worldwide for $205 million, subject to regulatory approvals. The sale will result in total Sterling investment returns for Palamon of 2.5 times invested capital.

Palamon Capital Partners is pleased to announce that portfolio company Towry Group Limited has raised £35 million of new equity to provide additional funding for the Company's expansion plans. The investment was made by two Palamon co-investors, AlpInvest Partners B.V. and Honeywell Capital Management LLC.

Towry Group Limited, portfolio company of Palamon Capital Partners, has concluded a transaction with Macquarie Bank and Royal Bank of Scotland, to provide a £47.3 million financing package. The proceeds of the debt issuance, which comprised £42.5 million of senior and junior loans provided by Macquarie and

Palamon Capital Partners, one of Europe’s leading mid market private equity firms, announces that it has entered into a binding agreement to sell portfolio company SAV Credit to Värde Partners in a transaction valued at £472 million. The transaction is subject to competition clearance.

Palamon Capital Partners, one of Europe’s leading mid market private equity firms, has agreed the sale of its 54% stake in Loyalty Partner to American Express. The sale price of the Palamon shares amounted to €240 million, representing an enterprise value of approximately €500 million for the Company. The transaction is subject to approval by the German Federal Cartel Office.