The amount of the transaction remained undisclosed.
The investment is designed to help the company continue to invest in further innovation and expand into Asia and other key geographies.
Led by CEO Adrian Durham, FNZ Holdings provides Software as a Service (SaaS) wealth management solutions to life insurers, banks, fund supermarkets, asset managers and networks of financial advisors, enabling them to develop and distribute financial products and services to their customers. The company employs over 560 people with offices in Edinburgh, London, Bristol, Brno (Czech Republic), Wellington and Sydney. Clients currently include Standard Life, Axa, JP Morgan, HSBC, AMP, National Australia Bank, Friends Life, UBS, Zurich Financial, Close Brothers Asset Management and Barclays Wealth.
H.I.G. backed an MBO of FNZ in early 2009 supporting the company’s organic growth In 2009.