Carlyle acquires Intelliflo to expand WealthTech portfolio

By Vriti Gothi

Carlyle has plans to acquire Intelliflo, a provider of cloud-native practice management software for independent financial advisers (IFAs), from Invesco. The transaction, which also includes Intelliflo’s US-based subsidiaries, is valued at up to $200 million.

Under the terms of the agreement, Carlyle will make an upfront payment of $135 million, expected to close in the fourth quarter of 2025 subject to customary closing conditions. Additional performance-related earn-outs of up to $65 million may be realised. Equity for the investment will be provided by Carlyle Europe Technology Partners V, the firm’s €3 billion European technology fund.

Founded in 2004, Intelliflo has become a leading provider of digitally integrated solutions for financial advisers, serving more than 30,000 professionals across 2,600 advisory firms. Its open-architecture platform connects with over 120 third-party applications and delivers a comprehensive suite of services, including client onboarding, compliance, CRM, financial planning, and reporting. Designed to simplify operations and enhance adviser productivity, Intelliflo supports the growing demand for technology-driven wealth management across the UK and Australia.

The acquisition underscores Carlyle’s strategic commitment to accelerating digital transformation within the global wealth management sector. It follows Carlyle’s successful investment in Calastone, the global funds and settlement network, which it sold to SS&C Technologies for $1 billion in July 2025, after initially acquiring a majority stake in 2020.

With this latest transaction, Carlyle aims to strengthen its position as a long-term partner in scaling technology-driven platforms that redefine how financial services are delivered, enabling advisers to better serve their clients in an increasingly digital-first environment.