Deutsche Börse AG and SimCorp A/S have entered into a binding agreement which will see Deutsche Börse make an all cash recommended public takeover offer to acquire SimCorp, valuing the business at EUR3.9bn (USD4.3bn). The transaction is subject to regulatory approvals as well as other customary conditions and is expected to be completed in the…
Category: M&A
Waystone to acquire Link Fund Solutions
Waystone Group, the Ireland-based ManCo and asset servicing provider, has signed definitive agreements to acquire the Irish and UK businesses of Link Fund Solutions, a division of Link Group, subject to regulatory approvals and other contractual conditions. The acquisition will broaden Waystone’s UK offering to include transfer agency and alternative administration. It will add >USD190bn…
DB1 invests in Next Gate
Next Gate Tech, a Luxembourg-based fintech, has raised EUR8m (USD8.8m) in a new funding round led by DB1 Ventures, the corporate venture capital unit of Deutsche Börse Group, with the continued support of existing investors, NewAlpha Asset Management, Volta Ventures, Expon Capital, and Seed X. Enrique Sacau, CEO of Kneip, a Deutsche Börse subsidiary, will…
Apex to acquire MJ Hudson
Apex has announced plans to acquire various operating businesses of troubled asset management services provider, MJ Hudson. Apex intends to acquire MJ Hudson’s business divisions which offer services including ESG, ManCo, quantitative, investment advisory, custodian bank benchmarking, Channel Islands fiduciary and fund administration, as well as investor relations and marketing solutions. MJ Hudson’s ManCo services…
TMF to acquire GFM in Ireland
TMF Group, the Netherlands-based provider of compliance and administrative services, is to acquire Goodbody Fund Management, part of Goodbody Stockbrokers, one of Ireland’s leading financial services firms. Completion of the transaction is subject to regulatory approval. In operation since 2013, GFM and the property investment management team provide fund solutions to AIFs and UCITS, as…
TMF to acquire Sino
TMF Group, the Netherlands-based provider of administrative services, is to acquire Sino Corporate Services Group. Sino was founded in 2007 and has offices in Hong Kong, China and Singapore, and employs 53 people. As a result of the acquisition, four members of Sino’s management team will join TMF. The deal follows the acquisitions of Hong…
J.P. Morgan to acquire Aumni
J.P. Morgan has entered into a definitive agreement to acquire Aumni, a provider of investment analytics software to the venture capital industry. Financial terms of the transaction were not disclosed and closing is expected in the first half of 2023. Founded in 2018, Aumni’s proprietary data analytics engine structures, tracks and analyses legal and economic…
State Street to acquire outsourced trading firm
State Street has entered into a definitive agreement to acquire CF Global Trading, a firm specialising in outsourced trading on an agency basis for a variety of asset classes including equities, listed derivatives and fixed income. The transaction is expected to be completed by the end of 2023, subject to customary closing conditions. Financial terms…
TMF acquires in the U.S.
TMF Group, the Netherlands-based provider of fund administration services, has acquired PartnersAdmin LLC, a full-service fund administration provider based in the U.S. PartnersAdmin has a strong U.S. west coast footprint. Following the deal, TMF will administer more than USD215bn. The acquisition represents a further step in TMF’s expansion in the North American market, where in…
Apex plans to acquire in South Africa
Apex plans to acquire Efficient Group (Pty) Ltd. Based in South Africa, Efficient is the holding company of Boutique Collective Investments (RF) (Pty) Ltd and Boutique Investment Partners (Pty) Ltd. Founded in 2013, BCI provides a range of ManCo services with a core business focus on third-party branded portfolios. BIP is an independent investment management…