AZB & Partners acted as legal counsel to The Carlyle Group Inc. (“Carlyle”) in its definitive agreement to acquire Intelliflo Limited, a UK-based SaaS platform serving financial advisers, from Invesco Ltd. The transaction, valued at approximately USD 200 million (INR 16.6 billion), also includes the acquisition of Intelliflo’s Indian entities – Intelliflo Software India Private Limited and Intelliflo Fintech India Private Limited.
This cross-border acquisition underscores Carlyle’s continued focus on strengthening its global footprint in the financial services and fintech sector, particularly in wealthtech and advisory software solutions.
AZB & Partners provided comprehensive legal support to Carlyle on the Indian leg of the transaction, ensuring seamless structuring and regulatory navigation. The team was led by Partners Anil Kasturi and Nandita Govind, supported by Senior Associate Prashant Khurrana.
Carlyle, one of the world’s leading private equity firms, has been steadily expanding its technology and financial services portfolio. The acquisition of Intelliflo marks another significant step in advancing its digital financial solutions capabilities.
Completion of the transaction is subject to customary closing conditions and regulatory approvals.