Xafinity

On 28 January 2010, Duke St Capital signed a deal to sell their pensions administration/consulting business, Xafinity, for an undisclosed sum to Advent International. Canaccord Genuity were appointed in August 2009 to provide debt advice to Xafinity. The total senior and mezzanine package procured were £140million and were provided by a syndicate of Ares Management, Babson Capital, Bank of Ireland, Barclays, Calyon, Lloyds and Royal Bank of Scotland.

Xafinity provides pensions administration, payroll and consulting services for around 1,100 public sector entities and companies, covering 2.1mlion pensioners. It employs 1,400 people in 14 locations across the U.K. and is headquartered in Reading.

Canaccord Genuity acted as financial advisor to Xafinity.