Private equity group Carlyle has acquired Intelliflo from Invesco after it was reported that it was in the bidding war race for the takeover.
The purchase price of up to $200m (£148.6m) is comprised of $135m (£99.9m) at closing, which is expected in the fourth quarter of this year subject to certain closing conditions, and up to an additional $65m (£47.9m) in potential future earn outs. This confirmation comes after Financial News reported that Carlyle come out on top in a bidding war race. The transaction includes Intelliflo's US-based subsidiaries, including RedBlack, a provider of software as a service-based portfolio rebalancing tools, and Intelliflo Portfolio, a portfolio management software solution for US registered ...
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