Estancia Capital Partners, a US financial services specialist private equity firm with deep expertise in the cash management market, agreed to invest £108m in Flagstone, a UK cash deposit platform. “We selected Estancia based on the strength of their team’s experience in supporting ambitious businesses to transform the shape of the cash management market in the US. At a time when funding capacity is down on a global scale, Estancia’s investment and market expertise provides us with the firepower necessary to really capitalise on the opportunities ahead of us, whether those be through organic growth, partnership and acquisitions, and prompt further consolidation of our market leadership position,” Simon Merchant, Flagstone Co-Founder and CEO.