Caisse, Al Gore's Generation buy majority stake in fintech firm FNZ: Reuters
Caisse de dépôt et placement du Québec and Generation Investment Management LLP have agreed to buy a majority stake in U.K.-based fintech firm FNZ in a deal valuing the company at 1.6 billion pounds (US$2.09 billion), Reuters reported. The Caisse and Generation partnership will buy out two-thirds of FNZ owned by U.S. private equity firms General Atlantic and HIG Capital. The FNZ deal is the first of a US$3 billion investment that the Caisse, Canada’s second-largest pension fund, and Generation Investment, co-founded by former U.S. vice president Al Gore, plan to make over the next 8 to 15 years.
9 October 2018•1 min read
