SS&C has acquired Complete Financial Ops, Inc. Fund Services, a Colorado-based fund administration firm. CFO Fund Services delivers fund administration to private equity funds and family offices. Terms of the all-cash deal were not disclosed. The acquisition adds 25 clients and eight employees.
Category: M&A
Galaxy to acquire GK8
Galaxy Digital Holdings Ltd., a financial services and investment management provider in the digital asset, cryptocurrency, and blockchain technology sectors, intends to acquire GK8, a secure institutional digital asset self-custody platform. The acquisition will be the result of a sale process executed in connection with Celsius Network LLC‘s Chapter 11 bankruptcy and is subject to…
State Street and BBH call off deal
State Street and Brown Brothers Harriman have agreed to terminate State Street’s proposed acquisition of BBH’s investor services business. In a statement, State Street said: “After consideration of both regulatory feedback and potential transaction modifications to address that feedback, State Street has determined that the regulatory path forward would involve further delays, and all necessary…
Symphony acquires Amenity
Symphony, a UK-based fintech, has acquired Amenity Analytics, a natural language processing data analytics solution providing actionable insights to portfolio managers, research professionals, analysts and other financial markets participants. This acquisition will enhance Symphony’s markets strategy with highly relevant data and business insights use cases, including ESG capabilities.
EQT gets green light for AET deal
Equity Trustees, the Australia-based administrator, has received the ministerial approval required to acquire Australian Executor Trustees Limited. The targeted acquisition completion date is 30 November 2022.
UI completes takeover of EFA
Universal Investment Group, the Germany-based administrator, has completed the acquisition of Luxembourg-based financial services provider European Fund Administration S.A. (EFA). The agreement has recently been approved by CSSF, the Luxembourg financial regulator. EFA will act as the group’s international investor services platform. EFA and Universal Investment Luxembourg will continue as separate entities and will be…
Ontra acquires Captain
Ontra, a provider of contract automation and intelligence solutions for asset managers, will acquire the material assets of Captain, a technology provider in the alternative funds space. The move will allow Ontra to bolster its legal operating system for private markets, providing asset managers with a more streamlined and efficient experience for private markets transactions.…
ZEDRA gets green light for Atlas takeover
ZEDRA, the Switzerland-based administrator, has received regulatory approval from the Central Bank of Curaçao and Sint Maarten for its acquisition of Curaçao and U.S.-based Atlas Fund Services, a privately held alternative investment fund administrator.
Highvern acquires in Cayman
Highvern, the C.I.-based administrator, has expanded into the Cayman Islands with the acquisition of Genesis Trust & Corporate Services Ltd. Genesis serves the private capital and funds governance markets.
Major M&A deals close in Europe
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…