abrdn completed the acquisition of Interactive Investor from JC Flowers for $1.98bn.

abrdn, a firm that provides a variety of investment services, completed the acquisition of Interactive Investor, a flat-fee investment platform, from JC Flowers, an American private equity investment firm, for $1.98bn. “This is a unique opportunity and a transformative step in delivering our growth strategy. interactive investor is the UK’s number one subscription-based investing platform with a powerful reputation as a consumer champion. abrdn’s scale, resources and shared vision will enable interactive investor to grow confidently and expand its leadership position in the UK’s attractive savings and wealth market," Stephen Bird, abrdn CEO.