Carlyle and Net Partners exit bfinance

The Carlyle Group and Net Partners have wholly exited their investment in independent financial services consultancy bfinance through a management buyout led by chief executive David Vafai. BMS Finance backed the buyout with an undisclosed sum. The deal will see the management team gain 100% ownership of the company.

Carlye and Net Partners first invested in the business shortly after its inception in 1999, gaining a minority stake in the business.

London-based bfinance provides CFOs and CIOs with the information and advice necessary to achieve financial goals. The investment consulting practice focuses on the search and selection of investment managers, while the corporate banking division focuses on building relationships with banking partners.

Over the course of the investment, bfinance had an annual growth of more than 30% over the last five years. The company also expanded from its initial base in three countries and now has operations in London, Paris, Munich, Milan, Montreal and Toronto. bfinance employs more than 60 staff.

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