Investors sell two-thirds of £1.6bn platform tech provider FNZ

Provides technology to adviser platforms

Tom Ellis
clock • 1 min read

Global private equity investment firms H.I.G. Capital and General Atlantic have sold down their stakes in FNZ, which provides technology to a number of popular adviser platforms, valuing the company at £1.65bn.

H.I.G. Europe, an affiliate of H.I.G. Capital, held a stake worth one-third of the investment platform technology business, which it has sold to Caisse de Depot et Placement du Quebec and Generation Investment Management. General Atlantic has also sold its one-third stake in the business to the firm. FNZ provides technology for the Aviva, Embark, Old Mutual Wealth and Standard Life adviser platforms. It also provides technology to other financial groups, such as Barclays and HSBC. Sky News in July reported sources understood the members of the management team were not looking to sell ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

Rosemount adds 16 advisers to network in third quarter

Rosemount adds 16 advisers to network in third quarter

Network posts net growth of 23.5%

Isabel Baxter
clock 07 November 2025 • 2 min read
Verso transfers investment management arm custody to Third Financial

Verso transfers investment management arm custody to Third Financial

Extends partnership with Nucleus in a five-year deal

Isabel Baxter
clock 06 November 2025 • 1 min read
Titan in 'strong position' to integrate IWP within four months

Titan in 'strong position' to integrate IWP within four months

Co-CEOs Fearon and Kaberry on getting the IWP integration ‘right’

Isabel Baxter
clock 05 November 2025 • 2 min read