H.I.G., General Atlantic to exit FNZ in 1.65 bln pound sale

H.I.G. Capital said Oct. 9 that it agreed to sell its stake in FNZ to Caisse de Depot et Placement du Quebec and Generation Investment Management LLP. The deal was valued at 1.65 billion pounds ($2.15 billion). FNZ, of Edinburgh, U.K., is a Platform-as-a-Service provider to the European wealth management industry. UPDATE: General Atlantic, which invested in FNZ in 2012, is also selling its holding.

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