Key Capital advised Irish Life on the sale of its subsidiary IPSI to FNZ

Key Capital advised Irish Life, Ireland’s leading life, investment and pension company, owned by Great-West Lifeco, on the sale of its subsidiary, IPSI, to FNZ. The Irish Life shareholders were seeking to sell 100% of IPSI, in order to focus on their core domestic business.

Founded in 1998, Irish Progressive Services International (IPSI) is a technology-enabled Third Party Administration (TPA) solutions provider to the global Life and Pensions industry. IPSI employs more than 250 people and services more than €30 billion in assets under administration (AuA).

FNZ is a global platform-as-a-service provider to major financial institutions in the financial services and wealth management sectors. The company has c. £330 billion in AuA held by around 5 million customers worldwide.

Key Capital acted as sole financial advisor to the shareholders of Irish Life.