Carlyle and its boss Harvey Schwartz are the latest buyout titans eyeing a booming UK market for financial advicePhoto: Nathan Howard/Getty Images

Private equity giant Carlyle has won a bidding war for wealth platform Intelliflo,Financial Newshas learned.

Intelliflo sells back and middle office services to more than half of the UK’s financial advisers. It was bought by fund giant Invesco in 2018 for £200m. Carlyle has now paid $205m for the business, according to a person close to the deal.