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ATLANTA/LONDON - Global investment firm Carlyle (NASDAQ:CG), a $23.11 billion market cap company that has delivered an impressive 64% return to investors over the past year, has agreed to acquire cloud-based software provider intelliflo from asset management firm Invesco (NYSE:IVZ) for up to $200 million, according to a press release statement issued Tuesday. According to InvestingPro analysis, Carlyle maintains a GOOD financial health score, positioning it well for strategic acquisitions.
The transaction includes a $135 million payment at closing, expected in the fourth quarter of 2025, with potential additional earn-outs of up to $65 million. With annual revenue of $5.53 billion and strong market performance, Carlyle appears well-positioned to execute this strategic acquisition. InvestingPro subscribers can access detailed analysis of Carlyle’s acquisition strategy and 12+ additional ProTips.
Founded in 2004 and headquartered in London, intelliflo provides practice management software for independent financial advisors in the UK. The platform is used by over 30,000 professionals at approximately 2,600 advisory firms, supporting the management of about £450 billion in client assets.
As part of the deal, intelliflo’s US-based subsidiaries, including RedBlack, will be established as a standalone business with separate management. This separation will allow intelliflo to focus on the UK and Australian markets while RedBlack serves financial advisors in the United States.
Equity for the investment will come from Carlyle Europe Technology Partners V, a €3 billion fund that invests in European technology companies.
Nick Eatock, CEO and Founder of intelliflo, said the company will continue to focus on delivering solutions for its core UK and Australian customer bases with Carlyle’s support.
Doug Sharp, Senior Managing Director at Invesco, expressed confidence that both companies are well-positioned for continued growth under Carlyle’s ownership.
Evercore served as financial advisor to Invesco in the transaction, while Gibson Dunn acted as legal counsel to Carlyle. Based on InvestingPro’s Fair Value analysis, Carlyle’s stock currently shows potential for upside, making it an interesting watch for investors following this strategic expansion. Get access to the comprehensive Pro Research Report covering Carlyle and 1,400+ other top stocks for deeper insights into their growth potential.
In other recent news, The Carlyle Group has reported impressive second-quarter 2025 results, achieving record fee-related earnings of $323 million, marking an 18% year-over-year increase. The firm also reached a milestone with its assets under management hitting $465 billion. These strong financial performances have led several investment firms to adjust their outlook on Carlyle. Citizens JMP raised its price target for Carlyle to $75, maintaining a Market Outperform rating, citing the company’s robust results despite a slower period of realizations. Similarly, TD Cowen increased its price target to $80, pointing to a favorable outlook and potential for further multiple expansion. Keefe, Bruyette & Woods also adjusted its price target to $66, noting that Carlyle’s distributable earnings exceeded their expectations. In separate news, Centerra Gold announced a quarterly dividend of C$0.07 per share, totaling approximately C$14.3 million or US$10.5 million. The dividend is scheduled for payment on September 4, 2025, to shareholders of record as of August 21, 2025.
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