Alexander Square Partners partially exits its investment in Flagstone
5 June 2024
Alexander Square Partners made its first investment in Flagstone in April 2019. Flagstone is one of the UK’s leading cash deposit platforms with over £11 billion assets under administration. In June 2024 the company received a £108m investment from Estancia Capital Partners (a US financial services specialist private equity firm with deep expertise in the cash management market), in which Estancia takes a minority stake in Flagstone’s business.
Alexander Square Partners sold just under 40% of its holding for cash, retaining the balance.
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