Vistra, the Singapore-based provider of advisory and administrative services, has entered into a Sale and Purchase Agreement (SPA) with MAS France, a French provider of domiciliation, administration and directorship services in the real estate and private equity sectors. This transaction will expand Vistra’s global footprint by entering the French market, making it the 47th jurisdiction…
Category: M&A
BNY Mellon invests in AccessFintech
AccessFintech, a fintech company specialising in data and workflow collaboration, has completed its USD60m Series C funding round, led by WestCap, its lead investor. Additional investment was secured from BNY Mellon and Bank of America, with further participation from Series B investors Dawn Capital, J.P. Morgan, Goldman Sachs and Citi. The company’s latest funding round…
Altum gains new investor
Altum Group, a C.I.-based provider of fund, corporate, and family office solutions with USD27bn AuA, has reached an agreement with Tenzing to take a minority stake in the business. Altum is the sixth investment within Tenzing’s GBP400m Fund II, which started investing in 2021, and is one of twelve high-growth businesses within the Tenzing portfolio.
CACEIS buys stake in Fund Channel
Amundi and CACEIS have strengthened their strategic agreement to accelerate the development of Fund Channel, the B2B fund distribution platform. CACEIS will purchase 33.33pct of Fund Channel’s share capital while Amundi remains the majority shareholder. Fund Channel is the fourth-largest European B2B fund platform, offering access to over 600 fund managers and connecting with more…
Apex acquires in New Zealand
Apex is to acquire Implemented Investment Holdings Limited, the parent company of Implemented Investment Solutions and InvestNow. IIS provides investment services to large global fund managers, enabling them to establish and distribute New Zealand domiciled funds to their investors. Their clients also include New Zealand-based investment companies, including specialist investment managers, KiwiSaver providers, adviser groups,…
Apex to acquire in Canada
Apex plans to acquire Prometa Fund Support Services Inc., a Canada-based provider of fund services. Prometa delivers fund services to clients in Canada, the U.S., and Bermuda, including hedge funds, LSVCCs and mortgage investment corporations. Prometa administers >CAD28bn (USD21.5bn) for approximately 50 fund companies representing more than 180 funds and approximately 225,000 individual investors. The…
Universal Investment secures new investor
Universal Investment Group, the third-party ManCo and fund administration service provider, has secured a significant investment from Canada Pension Plan Investment Board (CPP Investments), alongside existing lead investor Montagu. The investment is subject to regulatory clearances. Universal Investment serves both institutional investors and asset managers and is active across the three largest European fund domiciles:…
IQ-EQ acquires in U.S.
IQ-EQ, the Luxembourg-based investor services provider, has acquired JGM Fund Services, a U.S. provider of fund administration and tax services for alternative investors specialising in the real estate and private equity asset classes. The acquisition of JGM increases IQ-EQ’s U.S. employee base to >650+ and >4,000 globally.
Apex to acquire Mainspring
Apex has announced plans to acquire Mainspring, a UK-based provider of venture capital fund administration and accounting services. Mainspring provides outsourced administration and accounting services to small and medium-sized venture fund managers in the UK. Mainspring also operates an FCA-regulated custody business for fund managers offering managed account investments such as EIS funds. Mainspring has…
Hazeltree secures USD14m funding
Hazeltree, the U.S.-based provider of treasury and liquidity management technology for the alternative asset and investment management industries, has secured a USD14m strategic investment. The investment round was led by FINTOP Capital, a venture capital firm focused on fintech B2B SaaS companies, and joined by Hamilton Lane, a leading private markets investment management firm. Rick…