Isio announces successful closing of Aquiline investment
Wealth management consulting firm Isio has received a new investment from Aquiline Capital Partners. The private investment specialist will support Isio’s next phase of growth.
Andrew Coles, chief executive of Isio, said of the deal, “Aquiline’s investment enables us to embark on our next phase of growth and continue to disrupt the market for pensions, investment, employee benefits and wealth advice. This will ultimately bring better outcomes for our clients, people and society. I am looking forward to leading the team during the exciting next chapter of our Isio journey with Aquiline as a partner. We have had an exceptional four years with Exponent and I would like to thank the team and our board for their support and expertise.”
Established in 2020 following a carve-out from KPMG, Isio is a consulting firm specialised in pensions, rewards and investments. The firm generates revenues of just over £150 million and is regarded as one of the leading firms in its areas of expertise.
In July 2024, Isio announced that it was in line to receive a landmark investment from Aquiline Capital Partners, pending regulatory approval. Having since obtained that, the investment from Aquiline, which has deep experience in the global retirement and wealth management services sectors, will support Isio to continue its ambitious growth trajectory with a focus on delivering value for clients through innovation.
Igno van Waesberghe, managing partner at Aquiline, commented, “We are impressed by the quality of Isio’s business and the breadth and depth of innovative solutions it offers in sectors supported by long-term structural growth trends. We are excited to provide our backing to the team to allow them to capitalise on the significant opportunities that lie ahead.”
Isio has experienced significant growth over the past four years, more than doubling revenue, profit and headcount, and now employs 1,200 people across 10 UK offices. The deal with Aquiline also sees the exit of the private equity firm, Exponent, which has powered much of that expansion.
Tim Easingwood, a partner at Exponent, added, “We have been delighted to partner with Isio from the start and be part of the transformation from carve out to the thriving advisory business it is today. We are confident that Isio will continue to go from strength to strength with Aquiline’s investment and wish everyone in the business every success in this exciting next step in their journey.”
