Dechert is advising Estancia Capital Partners, a U.S. financial services specialist private equity firm with deep expertise in the cash management market, on its £108 million cross-border minority investment in Flagstone, a fintech company based in London that is a leading UK cash savings platform. Serving a customer base of more than 600,000, Flagstone’s total assets under administration exceed £11 billion. The transaction is expected to close in Q2 2024 after receipt of necessary regulatory approvals.
The Dechert team advising Estancia Capital Partners comprises both U.S. and UK lawyers and includes corporate partners Ken Young, Sam Whittaker and Steve Pratt, with associates Rose Limaye and Gurbir Sandhu.
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