Aquiline Capital Partners, a private investment firm with $10.4 billion in assets under management, is set to acquire a majority shareholding in Isio Topco Limited. Isio, a UK-based provider of actuarial and consulting services, pensions administration, investment advisory, employee rewards, and wealth advisory services, has been backed by Exponent Private Equity LLP since its carve-out from KPMG in 2020. The transaction, which will see Isio's management retain a significant minority investment, is pending regulatory approval.

Herbert Smith Freehills advised Aquiline on this investment. The law firm's team was led by partner Joseph Dennis, with support from senior associates Claudia McEwen, Al Goodison, and Nikesh Arya, among others. Joseph Dennis expressed delight in advising Aquiline, noting that the investment will bolster Isio's growth strategy by expanding its core services and adjacent practices.

Aquiline has a strong track record in the global retirement and wealth management sectors. In the UK, Herbert Smith Freehills has previously advised Aquiline on investments in Smart Pension and Wealth at Work. The firm's comprehensive support for this transaction included specialists in financial services, leveraged finance, disputes, employment, tax, TMT, data protection, IP, cyber, corporate crime, real estate, and competition.

This investment underscores Aquiline's commitment to enhancing financial wellbeing and supporting innovative growth strategies in the financial services sector.