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H&L advises Smart Pension on strategic investment from Natixis Investment Managers

02 June 2020

Harbottle & Lewis has advised global savings and investments technology platform provider, Smart Pension, on a strategic investment from Natixis IM, one of the world’s largest asset management firms.

Since its launch in 2014, Smart has grown rapidly, helping tens of thousands of UK employers meet their auto enrolment obligations, as well as providing workplace savings technology solutions in Dubai and the Republic of Ireland. Natixis IM’s equity stake forms a part of Smart’s ongoing preferred investment round and will help position the fintech company for rapid international expansion as it looks to enter the United States and Australian markets. It follows on Smart’s recently announced strategic partnership with Link Group, one of the largest Australian Super Fund administrators.

Commenting on the investment, Andrew Evans, CEO, Smart, said: “We are really proud to welcome Natixis Investment Managers as a strategic investor in Smart. Natixis IM shares our vision of utilising digital technologies to help improve outcomes for all savers, and we look forward to working with Natixis IM as we build our platform to power the pensions of the future. Having access to their broad suite of affiliate investment capabilities will help us develop ever more innovative investment solutions for our members, including the use of illiquid alternative solutions. Natixis IM’s strategic investment supports our ambitious international growth plans as we look to branch out into the United States and Australia following our successful platform deployments in Dubai and the Republic of Ireland implemented earlier this year.”

Natixis IM joins Link Group, Legal & General Investment Management, and J.P. Morgan as equity investors in Smart.

Tony Littner, Corporate Partner said: “At Harbottle we are passionate about supporting disruptive companies from startup through their lifecycle and the Smart journey is a great example of this. Having advised Smart from a very early stage and through its previous strategic investments from Link, JP Morgan and Legal & General, we are delighted and proud to have been able to do so again on its latest exciting fundraising.”

On working with Harbottle, Claire Altman, CCO, Smart, commented: “At Smart we regard the relationship with Tony Littner and his team at Harbottle as a true partnership and we are very grateful for the first class support they provide to us from beginning to end”.

Tony Littner led the team that advised Smart on the transaction with support primarily from Tom Macleod and Michael Finch.

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