Aztec Group, a C.I.-based alternative fund and corporate services provider, has added Warburg Pincus as a strategic partner, which will see Warburg Pincus as both a minority shareholder and client of the group. This investment, subject to the relevant regulatory approvals, will support Aztec’s expansion as it moves beyond Europe to become a global player…
Category: M&A
NDF appoints Northern Trust
The National Development Fund (NDF) has appointed Northern Trust in Saudi Arabia as custodian. Northern Trust will support consolidation of the assets and books and records of all development funds and banks in the Kingdom of Saudi Arabia under a unified portfolio estimated at more than SAR60bn (USD16bn). The NDF was established to improve the…
JTC acquires Buck businesses
JTC, the C.I.-based professional services provider, plans to acquire the Buck UK and European share plan administration and trustee businesses (Buck Share Plans) from Arthur J. Gallagher & Co, a global insurance brokerage, risk management and consulting services firm. Completion is subject to regulatory approvals. The acquisition will add 16 employees based in the UK,…
Altum to merge with Elysium
Altum Group, a C.I.-based provider of fund, corporate, and family office solutions, has agreed to merge with Elysium Fund Management Ltd, a Guernsey-based provider of fund, corporate and professional services. Elysium will merge into Altum once the deal receives regulatory approval. The combined group will have more than USD40bn AuA, with over 200 employees across…
Centralis acquires Oakford
Centralis Group, the Luxembourg-based alternative asset and corporate services provider, has acquired Oakford Advisors. UK-based Oakford provides specialist services focused on alternative fund clients. Forty employees will join Centralis from Oakford.
Vistra acquires in U.S.
Vistra, the Asia-based provider of fund and corporate services, has acquired the fund administration and transfer agency business of U.S.-based Phoenix American Financial Services, Inc. The transaction does not include Phoenix American’s aviation services business. As part of the deal, Zane Doyle, chief strategy officer of Phoenix American, will join Vistra. The deal will enhance…
Euroclear to acquire Inversis
Euroclear has acquired a 49pct stake in Inversis, a provider of global investment technology solutions and outsourced financial services. Euroclear will become the full owner of Inversis by the end of 2027. Financial details of the transaction have not been disclosed. The transaction is subject to customary closing conditions and regulatory approvals. Founded in 2001…
Zodia Markets to acquire Elwood business
Zodia Markets, a UK-headquartered digital asset trading business backed by Standard Chartered, has agreed with Elwood Technologies, a provider of digital asset execution and portfolio management software, to acquire Elwood Capital Management Ltd, Elwood’s digital asset OTC trading business based in Jersey, C.I., and regulated by the Jersey Financial Services Commission. Following completion of the…
GAM transfers ManCo ops to Apex
GAM, the Switzerland-based investment manager, has reached a definitive agreement to transfer its ManCo activities in Ireland, Luxembourg and the UK to Apex Group Ltd. The transaction is subject to applicable regulatory approvals and other customary conditions. The transfer agreement includes the sale of GAM Fund Management Ltd, Dublin, including its in-house transfer agency function,…
TMF buys in Mexico
TMF Group, the Netherlands-based administrator, has acquired two companies based in Mexico: KMC Campos y Campos, S.C. and Matas Lorenzo, S.C. Through these acquisitions, TMF Group will expand its capabilities in fund, accounting and tax, and payroll services in Mexico.