Large Cap Wealth Management deal
18TH December 2019
Xperts Council frequently deals with financial services cases, whether the latest fintech innovations within payments solutions to traditional cards, insurance platforms or in this case an investment platform for financial institutions.
FNZ, provides an end to end digitised technology platform for wealth managers, asset managers, private & retail banks as well as life insurers. Founded in New Zealand in 2004 as a subsidiary of Credit Suisse that expanded into the UK in 2005 and subsequently underwent an MBO alongside H.I.G Capital and a further minority investment from General Atlantic in 2012.
Currently headquartered in the United Kingdom with over £330bn in assets under management with customers such as Standard Life Aberdeen, Barclays, Lloyds Bank, Vanguard, Generali, Quilter, Santander and Aviva among others with 1400 employees in the UK, Shanghai, Czech Republic, Singapore, Australia & New Zealand.
Last year Xperts Council was asked by one of its Private Equity clients in London to source some relevant specialists in the industry to help understand the future opportunity with FNZ compared to the key players in the space as well as the market for their solutions. Xperts Council introduced several c-level experts from industry players as well as key users of the service experienced not only in using FNZ and other providers but also in the transition process of switching one to another.
Last October, Canadian pension fund La Caisse de dépôt et placement du Québec (“CDPQ”) and Generation Investment Management LLP (“Generation”) acquired FNZ in a deal valuing the company at £1.65bn which represented one of the largest deals of the year in its category.
