{"id":31731,"date":"2025-07-29T19:11:06","date_gmt":"2025-07-29T19:11:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/31731\/"},"modified":"2025-07-29T19:11:06","modified_gmt":"2025-07-29T19:11:06","slug":"blackrock-plots-sale-of-pensions-specialist-heywood-money-news","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/31731\/","title":{"rendered":"BlackRock plots sale of pensions specialist Heywood | Money News"},"content":{"rendered":"

A private equity fund managed by the world’s biggest institutional investor is plotting the sale of a pensions software provider it bought four years ago.<\/p>\n

Sky News has learnt that BlackRock’s Long Term Private Capital (LTPC) vehicle is working with bankers on the sale of Heywood, for which it paid about \u00a3350m in 2021.<\/p>\n

City sources said that advisers at Evercore had been hired to work on the deal.<\/p>\n

A formal sale process is expected to get underway in the near future.<\/p>\n

Money latest: Age group most affected if state pension age raised early<\/a><\/p>\n

Heywood – previously known as Aquila Heywood – was formed from the merger of two companies in 2002, with the Aquila part of the group subsequently being sold to Equiniti, the share registrar provider.<\/p>\n

The company was one of the first bought by BlackRock’s LTPC fund, which has also made investments in Authentic, the brand-owner which has a partnership with Sir David Beckham’s consumer goods stable.<\/p>\n

BlackRock is the world’s largest asset manager by far, with more than $11.5trn in assets under management, having been buoyed by a couple of major recent acquisitions.<\/p>\n

Based in Altrincham in Cheshire, Heywood counts local government and private sector pension schemes among its clients.<\/p>\n

The company is run by chief executive Sian Jones.<\/p>\n

Its valuation in a potential sale was unclear on Tuesday.<\/p>\n

A BlackRock spokesman declined to comment.<\/p>\n","protected":false},"excerpt":{"rendered":"A private equity fund managed by the world’s biggest institutional investor is plotting the sale of a pensions…\n","protected":false},"author":2,"featured_media":31732,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[84,4176,4174,4175,56,54,55],"class_list":["post-31731","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-finance","tag-personal-finance","tag-personalfinance","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/31731","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=31731"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/31731\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/31732"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=31731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=31731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=31731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}