Two major M&A deals have closed:
CSC and Intertrust have announced that shares representing 94.66pct of Intertrust’s outstanding capital have been tendered under the offer and that all other offer conditions have been satisfied. As a result, CSC has declared the offer unconditional. Settlement of the offer will take place on 4 November 2022.
Waystone has closed the transaction to acquire KB Associates in Ireland. KBA will transfer 90 staff, with Waystone now supporting European ManCo assets exceeding USD300bn. The agreement makes Waystone the largest UCITS fund management company in Ireland.