Announced

Completed

HPS Investment completed the acquisition of a majority stake in Nucleus from Epiris.

Synopsis

HPS Investment, an investment firm, completed the acquisition of a majority stake in Nucleus, an independent financial planning and retirement-focused platform, from Epiris, a private equity firm. Financial terms were not disclosed. “This transaction is a huge endorsement of all the work Richard, his team and we have put in to realising the vision we set out three years ago. Together, we have created a platform group that offers a comprehensive product set through an award-winning digital customer interface supported by best-in-class technology and operations," Owen Wilson, Epiris Partner.

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