La Caisse de depot et placement du Quebec and Generation Investment Management LLP are set to acquire General Atlantic and H.I.G. Capital’s investment in FNZ.

La Caisse de depot et placement du Quebec (CDPQ), a long-term institutional investor, and Generation Investment Management LLP, a sustainability-focused investment management firm, are set to acquire, from private equity firms, General Atlantic and H.I.G. Capital’s investment in FNZ, a global FinTech firm, transforming the way financial institutions serve their wealth management customers. Announced transaction values the company at £1.65 billion. "We have researched the best global financial services technology businesses with a focus on companies that have long term, truly global-scale potential. We are extremely excited to partner with FNZ management team to build a business over a time period which is not typical for either private equity or public equity businesses. Through our newly announced partnership with Generation, we are creating a new model of sustainable equity investing which reflects the ethos of both companies, and is ideally suited to the objectives of long term sustainable value creation.” Stephane Etroy, CDPQ Executive Vice-President and Head of Private Equity