A non-public fairness fund managed by the world’s greatest institutional investor is plotting the sale of a pensions software program supplier it purchased 4 years in the past.
Metropolis sources mentioned that advisers at Evercore had been employed to work on the deal.
A proper sale course of is predicted to get underway within the close to future.
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Heywood – beforehand often known as Aquila Heywood – was shaped from the merger of two firms in 2002, with the Aquila a part of the group subsequently being bought to Equiniti, the share registrar supplier.
The corporate was one of many first purchased by BlackRock’s LTPC fund, which has additionally made investments in Genuine, the brand-owner which has a partnership with Sir David Beckham’s client items secure.
BlackRock is the world’s largest asset supervisor by far, with greater than $11.5 trillion in property below administration, having been buoyed by a few main current acquisitions.
Based mostly in Altrincham in Cheshire, Heywood counts native authorities and personal sector pension schemes amongst its purchasers.
The corporate is run by chief govt Sian Jones.
Its valuation in a possible sale was unclear on Tuesday.
A BlackRock spokesman declined to remark.
