page_title: Bluestone Group
section_title: Sale of Australasian Operations
hierarchical_section_title: Bluestone Group / Sale of Australasian Operations
caption_attribution_description: English: Bluestone's offices in Cambridge, UK
context_page_description: Bluestone Group is a financial services and technology business with offices in the UK and Ireland.
context_section_description: On 26th Feb, 2018, Bluestone announced the sale of its Australasian operations, including its Manila based call-centre, to funds managed by Cerberus Capital Management LP. A portion of the sale proceeds were then used by Bluestone's parent company, Bluestone Consolidated Holdings, to fund the buy-back and cancellation of all shares held by LDC. The transaction resulted in the management team led by Mr Jeffery acquiring a controlling stake in the company, with major institutional shareholder, Macquarie Bank Limited, doubling their shareholding to approx. 30%. On completion in March, 2018, Bluestone Group had a team in Europe of 170 staff and net assets of over £20m / A$35m. Around the same time, Bluestone moved its head office to the heart of Cambridge's construction and technology boom at One Station Square, Cambridge CB1.
caption: Bluestone Group's head office at One Station Square, Cambridge CB1 2GA.
exif: {"Image Make": "LEICA CAMERA AG", "Image Model": "LEICA X2", "Image Orientation": "Horizontal (normal)", "Image XResolution": "300", "Image YResolution": "300", "Image ResolutionUnit": "Pixels/Inch", "Image Software": "1.1", "Image DateTime": "2018:05:16 20:10:27", "Image YCbCrPositioning": "Co-sited", "Image ExifOffset": "236", "Thumbnail Compression": "JPEG (old-style)", "Thumbnail XResolution": "72", "Thumbnail YResolution": "72", "Thumbnail ResolutionUnit": "Pixels/Inch", "Thumbnail JPEGInterchangeFormat": "11460", "Thumbnail JPEGInterchangeFormatLength": "5352", "Thumbnail YCbCrPositioning": "Co-sited", "EXIF ExposureTime": "1/30", "EXIF FNumber": "14/5", "EXIF ExposureProgram": "Program Normal", "EXIF ISOSpeedRatings": "250", "EXIF ExifVersion": "0221", "EXIF DateTimeOriginal": "2018:05:16 20:10:27", "EXIF DateTimeDigitized": "2018:05:16 20:10:27", "EXIF ComponentsConfiguration": "YCbCr", "EXIF ExposureBiasValue": "0", "EXIF MaxApertureValue": "297/100", "EXIF MeteringMode": "Pattern", "EXIF LightSource": "Unknown", "EXIF Flash": "Flash did not fire, compulsory flash mode", "EXIF FocalLength": "24", "EXIF FlashPixVersion": "0100", "EXIF ColorSpace": "sRGB", "EXIF ExifImageWidth": "4928", "EXIF ExifImageLength": "3264", "Interoperability InteroperabilityIndex": "R98", "Interoperability InteroperabilityVersion": "[48, 49, 48, 48]", "EXIF InteroperabilityOffset": "6508", "EXIF SensingMethod": "One-chip color area", "EXIF FileSource": "Digital Camera", "EXIF CustomRendered": "Custom", "EXIF WhiteBalance": "Auto", "EXIF DigitalZoomRatio": "1", "EXIF FocalLengthIn35mmFilm": "36", "EXIF SceneCaptureType": "Landscape", "EXIF Contrast": "Normal", "EXIF Saturation": "Normal", "EXIF Sharpness": "Normal"}