Investment manager Invesco Ltd. has closed the acquisition of U.K.-based IntelliFlo Ltd. Terms of the deal were not disclosed.
A fund managed by private equity firm HgCapital LLP acquired a majority stake in IntelliFlo in 2013, according to S&P Global Market Intelligence data.
Intelliflo supports 19,000 investment professionals who manage more than £300 billion of client assets, according to Invesco's release. Intelliflo's software platform, Intelligent Office, assists financial advisers across the whole process of advising.
Evercore acted as financial adviser to Intelliflo in connection with the transaction.
The transaction was not material to Invesco's financial position and is not expected to impact its intention to resume share buybacks by the end of 2018, according to the release.
