Morgan Partners, an independent investment bank serving the financial technology sector, today announced its role as Co-Advisor to British insurance technology and outsourcing company Innovation Group, Plc on its sale to The Carlyle Group. Morgan Partners worked closely with Investec Bank plc, the lead banker on the transaction. The take-private became effective on November 18, 2015 and valued Innovation Group’s equity at £491 million.

Carlyle Group, the US private equity firm, will provide Innovation Group with a global presence and enhanced financial and operational flexibility, supporting Innovation Group’s longer-term growth strategy.

“The team at Morgan Partners is incredibly good at what they do,” said Andy Roberts, Group Chief Executive Innovation Group. He added, “We are pleased with the outcome, and Morgan Partners’ efforts played a critical role in the success.”

About Innovation Group Plc
The Innovation Group plc is a global provider of business process outsourcing and technology solutions to the insurance, fleet and automotive industries. For more information about Innovation Group, please visit the company’s website at http://www.innovation-group.com/uk.

About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $188 billion of assets under management across 126 funds and 160 fund of funds vehicles as of September 30, 2015. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,700 people in 35 offices across six continents.

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