BlackRock Long Term Private Capital (LTPC) announces it has reached an agreement to acquire Aquila Heywood, a UK based market leader in pensions administration software and services. The investment will enable Aquila Heywood to further grow its highly innovative suite of software solutions, supporting the current and future needs of a fast-growing customer base within the Pensions sector.

The existing management team, led by CEO Andy Ross, remain fully committed to leading the business and driving the next phase of the company’s growth. The partnership with Aquila Heywood is BlackRock LTPC’s third investment overall and second in Europe. It reflects the fund’s unique proposition to founder-driven companies who value a longer-term investment horizon.

Andy Ross, CEO of Aquila Heywood, says: “I am very excited to have the opportunity to develop a strategic partnership with BlackRock Long Term Private Capital. Through this relationship we will be able to enhance the value we offer to our customers by making further strategic investments in our software and technology platforms, as well as growing our highly skilled team of people. BlackRock LTPC are ideal partners given their sustainable and long-term approach and we look forward to working closely together on the next phase of our growth.”

Read more at Private Equity Wire