Key Capital advised Invesco on its majority sale to Great West Life Co./Irish Life Group

Key Capital advised Invesco, Ireland’s largest independent financial consultancy, on its majority sale to Great West Life Co./Irish Life Group. The deal allowed Invesco to remain as an independent entity while providing access to Great West Life Co’s/Irish Life’s technology and financial resources.

Founded in 1991, Invesco is a provider of pensions and wealth consultancy services to corporates and individuals. Based in Dublin and Cork, the company employs 125 people and has €4.8 billion in assets under administration and advice.

Invesco shareholders’ were looking to de-risk part of their shareholding while maintaining a material stake in the business. The transaction provided a private equity transaction structure to the shareholders, allowing them to remain equity shareholders of the business and participate in the future up-side of the business under trade ownership.

Irish Life Group is one of Ireland’s leading financial services organizations with over 1.3 million customers.

The outcome was very successful; shareholders de-risked at a competitive price, remained owners with a guaranteed future exit and achieved a number of ancillary wins as well.