Announced
Completed
Financials
Tags
Majority
Private
Domestic
Friendly
Private Equity
Acquisition
Single Bidder
Asset Managers and Custodians
investment services
United Kingdom
Completed
Synopsis
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.
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