Private equity group Carlyle has reportedly come out on top in a bidding war race for wealth platform Intelliflo.
The platform, which provides back and middle-office solutions to more than half of UK financial advisers, has changed hands for around $205m (£160m), Financial News reported. Intelliflo was previously acquired by asset manager Invesco in 2018 for approximately £200m. An Intelliflo spokesperson told PA: "We're aware of the speculation that is circulating but have no announcement to make. If that changes, we will update our customers, partners and colleagues in the usual way." Since its inception, Carlyle has made over 50 financial services transactions and has 14 active portfolio co...
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