Fri, 29 Aug 2025 | BUSINESS SALE
Global investment firm Carlyle Group has agreed to acquire London-based financial software provider intelliflo from asset manager Invesco, in a deal worth up to $200 million, according to reports from Bloomberg.
The agreement includes $135 million payable at closing, with a further $65 million tied to potential earn-out payments, depending on the company’s performance post-acquisition. The transaction is expected to enhance Carlyle’s growing portfolio of technology-driven investments in the financial services sector.
Founded in 2004, intelliflo develops financial planning and management software widely used across the advisory sector. Its platform currently supports more than 30,000 professionals working in around 2,600 advisory firms, making it one of the UK’s most prominent providers of wealth-tech solutions.
As part of the deal, intelliflo’s US-based subsidiaries will be separated into a standalone business under the name RedBlack. The unit will be led by its own management team and focus on serving the US market, while intelliflo continues to operate in the UK and Australia.
The transaction marks the latest stage in intelliflo’s ownership journey. The business was previously acquired by Invesco in 2018 from private equity firm Hg for an undisclosed sum. While Invesco initially positioned the business as part of its broader digital strategy, the divestment reflects shifting priorities amid challenging conditions in the wealth management sector.
For Carlyle, the acquisition highlights its strategic focus on scaling technology-enabled platforms that can meet the evolving needs of financial advisers. The firm has been steadily expanding its presence in fintech and wealth-tech, seeking to capitalise on growing demand for digital tools, automation and data-driven insights in asset and wealth management.
The deal is subject to customary closing conditions and regulatory approvals.
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