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

Tenet Group administration extended for another year

Tenet Group administration extended for another year

Failed advice network entered administration in June 2024

Isabel Baxter
clock 30 June 2026 • 2 min read
CACEIS agrees to voluntary £31.7m payment as firm censured by FCA over WealthTek

CACEIS agrees to voluntary £31.7m payment as firm censured by FCA over WealthTek

Formerly Vertus Asset Management

Patrick Brusnahan
clock 25 June 2026 • 2 min read
M&G shuffles board as Clare Thompson steps down

M&G shuffles board as Clare Thompson steps down

Will depart following HY results

Patrick Brusnahan
clock 24 June 2026 • 2 min read