Carlyle (CG) and Invesco (IVZ) announced an agreement for Carlyle to acquire intelliflo from Invesco. Intelliflo is a provider of cloud-based practice management software for independent financial advisors in the UK. Headquartered in London, intelliflo offers an end-to-end software platform used by over 30,000 professionals at approximately 2,600 advisory firms. The transaction includes intelliflo's US-based subsidiaries, including RedBlack.
The purchase price of up to $200 million is comprised of $135 million at closing, which is expected in the fourth quarter, and up to an additional $65 million in potential future earn outs. Intelliflo's US-based subsidiaries will be established as a standalone business called RedBlack, run by a separate management team.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.