Centaur, the Ireland-headquartered provider of fund administration services to the alternatives sector, has reached agreement to become part of the Waystone Group, subject to regulatory approval. With offices in U.S., Canada, Bermuda, the Cayman Islands, Luxembourg and the UK, Centaur employs over 220 staff and provides fund administration and fiduciary services to over 120 client…
Category: M&A
ZEDRA acquires in Jersey
ZEDRA, the Switzerland-based provider of corporate services, wealth and fund solutions, plans to acquire BNP Paribas Jersey Trust Corporation Limited. The transaction is subject to regulatory approval. The trust company offers trustee and fiduciary services to its clients. The firm also has over a decade of experience providing trustee services to private equity and real…
Deutsche Börse to acquire Kneip
Deutsche Börse Group is expanding its offering in the data services space by acquiring Kneip Communication S.A., a leading European fund data specialist. The companies have reached an agreement through which Deutsche Börse will acquire 100pct of the Luxembourg-based fund data manager. Further terms of the transaction were not disclosed. The transaction is expected to…
Apex acquires majority stake in FAC
Apex has acquired a majority stake in Fund Admin Chain, a distributed ledger-based network for launching, distributing, trading and settling collective investment funds. FAC is designed to connect fund investors, fund managers and their service providers in a digital distributed ecosystem. In addition to simplifying and streamlining the investment funds’ value-chain, FAC delivers additional revenue…
ZEDRA acquires Axelia
ZEDRA, the Switzerland-based service provider, has acquired Axelia Partners in the U.S. Axelia Partners has been privately owned by Alexandra and Philippe Suhas since 2013 and is headquartered in Boston, with offices in New York. The company facilitates the U.S. expansion of predominantly European headquartered businesses and entrepreneurs by providing administrative and accounting services necessary…
Gen II acquires Update Capital
Gen II Fund Services, LLC, a U.S.-based fund administrator in the alternatives investment market, has acquired Update Capital, a Canada-based provider of investment management technology solutions for the real estate market. Terms of the transaction were not disclosed. Update Capital provides an automated, cloud-based solution for real estate sponsors to manage their assets and investors.
STP receives new funding
STP Investment Services, a U.S.-based service provider that supports more than USD340bn in total assets, has received an investment from Lovell Minnick Partners, a private equity firm focused on investments in financial services, financial technology and related business services.
BCI invests in ZEDRA
ZEDRA, the Switzerland-based provider of fund and corporate services, has reached an agreement to receive a strategic minority investment from British Columbia Investment Management Corporation, one of Canada’s largest institutional investors. This investment will be made in partnership with ZEDRA’s management team, and the company’s existing majority investor, Corsair, which will remain the majority shareholder.
State Street updates timetable for BBH deal
State Street has confirmed that it expects to close the deal to acquire BBH’s investor services business by the end of the second quarter. State Street pointed to a protracted regulatory approval process as one reason for the delay.
LSEG to acquire TORA
The London Stock Exchange Group (LSEG) has agreed to acquire TORA, a U.S.-based trading technology provider, for USD325m. Founded in 2004, TORA has an order and execution management and portfolio management solution for clients trading equities, fixed income, FX, derivatives and digital assets. The addition of digital assets to LSEG’s trading capabilities strengthens its presence…