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The divestment is in line with FNZ's strategy of focusing on its core wealth management technology business, officials say.
Private equity firm Advent International and a consortium, including HarbourVest Partners, will be acquiring FNZ Bank, a wealth management banking and infrastructure provider in Germany, that is part of wealth management technology provider FNZ, officials say. No financial details were released via the participants who expect the acquisition to be complete by the second half...
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