Markets CG

Carlyle To Acquire Intelliflo In The UK

(RTTNews) - Carlyle (CG) and Invesco (IVZ) announced an agreement for Carlyle to acquire intelliflo from Invesco. Intelliflo is a provider of cloud-based practice management software for independent financial advisors in the UK. Headquartered in London, intelliflo offers an end-to-end software platform used by over 30,000 professionals at approximately 2,600 advisory firms. The transaction includes intelliflo's US-based subsidiaries, including RedBlack.

The purchase price of up to $200 million is comprised of $135 million at closing, which is expected in the fourth quarter, and up to an additional $65 million in potential future earn outs. Intelliflo's US-based subsidiaries will be established as a standalone business called RedBlack, run by a separate management team.

RTTNews
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
More articles by this source

Tags

Stocks Mentioned

Latest Articles

Data is currently not available