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...
Creates £11bn asset management business
And more competition
Launched November 2018
£15m group claim