Category: M&A

Apex plans to expand its New Zealand footprint with the acquisition of Trustees Executors’ custody and investment accounting business. Completion of the acquisition is conditional on the satisfaction of customary conditions for a transaction of this nature. It will see Trustees Executors’ custody and investment accounting business and people transfer to Apex. The acquisition does…

BlackRock has agreed to acquire Preqin, an independent provider of private markets data, for GBP2.55bn (USD3.2bn) in cash. The combination of Preqin with eFront, Aladdin’s private markets solution, brings together the data, research, and investment process for fund managers and investors across fundraising, deal sourcing, portfolio management, accounting, and performance. Preqin will also continue to…

JTC, the C.I.-based administrator, has announced the acquisition of Hanway Advisory Limited, an independent professional services firm. Hanway provides a full range of outsourced corporate governance and administrative services to UK-listed investment companies. Hanway is JTC’s second UK fund services M&A deal in 2024, following the acquisition of Blackheath Capital Management LLP, a London-based asset…

JTC, the C.I.-based professional services business, has agreed to acquire FFP, a Cayman-based provider of specialist fiduciary services to fund, trust and corporate clients. Completion is subject to regulatory approvals. Founded in 2012, FFP provides a range of specialist fiduciary, restructuring, trustee, fund administration and corporate services. Post acquisition, JTC will have an enlarged team…

Ripple, the UK fintech, has completed the acquisition of Standard Custody & Trust Company, a U.S.-based regulated custodian for digital assets. The acquisition adds a limited purpose trust company regulated by the New York Department of Financial Services, and follows the 2023 acquisition of Metaco, a Swiss-based provider of digital asset custody and tokenisation technology.…

CACEIS has completed the integration of RBC’s European asset servicing activities. All staff across all locations are now regrouped under common legal structures. Having obtained regulatory authorisations, CACEIS has updated its legal structures by combining entities in France, Luxembourg, Belgium, Ireland and Switzerland. The client migration project is scheduled for completion by the end of…

The acquisition of Link Group by Mitsubishi UFJ Trust & Banking Corporation has been completed. Under its new ownership, Link Group will be rebranded as MUFG Pension & Market Services, comprised of two business lines, MUFG Corporate Markets and MUFG Retirement Solutions. MUFG Retirement Solutions has recently opened an office in Hong Kong.

Novata, a fintech that provides ESG data for private markets investments, has completed a new round of financing from returning investors Hamilton Lane and S&P Global, and a new investor, Motive Ventures, which is backed by affiliates of Apollo Global Management. In 2023 Novata struck a deal with Northern Trust, an investor, to provide its…

The Central Bank of Ireland has approved the management buy-out of the Ireland business of Equity Trustees, the Australian administrator. As a result, the company will be renamed Gateway Fund Services Ltd, with Kevin Lavery as CEO. In 2023 EQT Holdings Limited, the ASX-listed holding company for Equity Trustees, reached an agreement to sell its…