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New Deal


Announced

Completed

Aquiline Capital led a $95m Series E funding round in Smart.

Financials

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Transaction Value£76m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Private

Private Equity

Completed

Single Bidder

Cross Border

Minority

Venture Capital

Friendly

United Kingdom

Asset Managers and Custodians

retirement services

Synopsis

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Aquiline Capital, a private equity firm, led a $95m Series E funding round in Smart, a fintech transforming the global retirement savings market, with participation from Chrysalis Investments, Fidelity International, DWS, Barclays and Natixis Investment Managers. “Smart’s distinct retirement technology leadership coupled with Aquiline’s deep experience in the retirement technology industry makes this a compelling investment, as does the growing global need for better retirement saving technology. Smart has consistently delivered impressive commercial growth, and is backed by an array of top-tier investors whom we are delighted to join. Under the leadership of Andrew and Will, we have every confidence that Smart is a multi-billion pound company in the making," Jeff Greenberg, Aquiline Chairman and CEO.

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