Acquisition-Hungry FNZ Attracts $1.4 Billion In Fresh Funding

Tom Burroughes

11 February 2022

$100 trillion global wealth market,” it said in a statement.

CPP Investments and Motive Partners represent the fifth and sixth external shareholders in FNZ. In 2018, CDPQ and Generation Investment Management acquired a majority stake in the company, in a partnership built around long-term and sustainable investment. They were joined in 2021 by Temasek, enhancing FNZ's reach into Asian markets.

Lazard & Co Limited acted as exclusive financial advisor, and Allen & Overy LLP acted as lead legal advisor, to FNZ in relation to the equity capital raise.

"Today's announcement represents a resounding endorsement of FNZ's track record and future strategy. The company has successfully demonstrated exponential growth in the scale and depth of customer relationships and geographic expansion with platform revenues more than quadrupling in the past three years to over $1 billion per annum, whilst also growing profitably and sustainably,” Adrian Durham, founder and group CEO of FNZ, said.

Rob Heyvaert, founder and managing partner at Motive Partners, will join the FNZ Group board as a non-executive director on completion of the fundraising.