Latham & Watkins Advises CDPQ on the Acquisition of FNZ

Deal represents one of the largest FinTech transactions in 2018 to date.

October 11, 2018

La Caisse de dépôt et placement du Québec (CDPQ) and Generation Investment Management LLP (Generation) have announced the acquisition, subject to regulatory approval, of General Atlantic and H.I.G. Capital’s investment in FNZ, in a deal valuing the company at £1.65 billion. The acquisition, which is one of the world’s largest FinTech transactions this year, represents the first investment by CDPQ-Generation, a unique, sustainable equity partnership announced by CDPQ and Generation.

FNZ is a global FinTech firm responsible for over £330 billion in assets under administration held by around five million customers of some of the world’s largest financial institutions. CDPQ is one of Canada’s leading institutional fund managers with C$308.3 billion in net assets (as at 30 June, 2018).

Latham & Watkins advised CDPQ on the establishment of the partnership with Generation and on the investment in FNZ with a team led by London corporate partner Mike Bond and regulatory partner Nicola Higgs, and associates Linzi Thomas, Beatrice Lo, James McCrory, and Brett Carr.

Notice: We appreciate your interest in Latham & Watkins. If your inquiry relates to a legal matter and you are not already a current client of the firm, please do not transmit any confidential information to us. Before taking on a representation, we must determine whether we are in a position to assist you and agree on the terms and conditions of engagement with you. Until we have completed such steps, we will not be deemed to have a lawyer-client relationship with you, and will have no duty to keep confidential the information we receive from you. Thank you for your understanding.