IQ-EQ, the Luxembourg-based administrator, has signed an agreement to acquire the AMAL Group, a provider of corporate trust, agency services and loan Servicing solutions, with operations in Australia and New Zealand. The transaction is subject to regulatory approval from the Foreign Investment Review Board (FIRB) in Australia. AMAL Group has in excess of AUD37bn (USD24bn)…
Category: M&A
Apex to buy Flow
Apex has agreed to buy Flow. Founded in 2018, Flow simplifies fund management with its infrastructure software that provides a platform for insights, transparency and dialogue between fund managers and the broader ecosystem of investors, law firms, fund administrators, banks, and accounting firms. The addition of Flow adds 15 employees and AuA of USD17bn. The…
Euroclear completes Inversis deal
Euroclear has completed the acquisition of 49pct of Inversis from Banca March after securing all necessary approvals. As planned, Euroclear will now proceed with the gradual acquisition of the remaining 51pct until full ownership.
State Street to acquire Mizuho businesses
State Street has agreed with Mizuho Financial Group, Inc. to acquire Mizuho’s global custody and related businesses outside Japan. These businesses support the overseas investments of Mizuho’s Japanese clients. Mizuho currently operates its global custody and related business outside Japan through its local subsidiaries Mizuho Trust & Banking (Luxembourg) S.A., owned by Mizuho Trust &…
HGGC buys into Centralis
HGGC, a middle-market private equity firm, is to become the majority investor in Centralis, the Luxembourg-based alternative asset and corporate services provider. The deal is expected to close later in 2025, subject to customary closing conditions. Terms of the transaction were not disclosed.
GW&K selects BNY
GW&K, a Boston based institutional asset manager and wealth advisor, has selected·BNY’s accounting and performance platform, including a ledger, and a reconciliation workflow, automation, and reporting framework. The software will be integrated with GW&K’s trade order management and data platforms.
TMF acquires in Mexico
TMF Group, the Netherlands-based provider of compliance and administrative services, has acquired PLC, a Mexico-based fund administrator providing global entity management and domiciliation services to international fund managers and Mexico pension funds.
Temenos to sell Multifonds
Temenos, the banking software company, has signed an agreement to sell Multifonds, its fund administration software business, to Montagu Private Equity, a European private equity firm, for a total enterprise value of about USD400m, including an earnout. The Multifonds executive management team will invest alongside Montagu. The transaction is subject to customary closing conditions and…
IQ-EQ acquires Agama
IQ-EQ has acquired Agama Group, an independent regulatory compliance firm based in France and Luxembourg. Agama provides regulatory compliance, internal control and operations support to asset managers and funds across private equity, real estate and other asset classes. The firm is made up of four business units, with >50 employees across Paris and Luxembourg.
Highvern to combine with Permian
Highvern, Telemos Capital and Permian have signed binding agreements to combine Highvern and Permian to create a funds and private capital services provider. Existing shareholders will re-invest alongside both senior management teams. Telemos, backed by the Jacobs family, will ensure the new group has the financial support to continue investing in its service offerings, people…