Clearwater Analytics and Enfusion have entered into a definitive merger agreement for Clearwater to acquire Enfusion, a provider of SaaS solutions for the investment management and hedge fund industry. The purchase price is USD11.25 per share, delivered in an approximately equal mix of cash and stock. Additionally, Clearwater will pay USD30m to terminate Enfusion’s tax…
Category: M&A
CA to buy out Santander stake in CACEIS
Crédit Agricole S.A. and Santander have entered into an agreement for the acquisition by Crédit Agricole of Santander’s 30.5pct stake in CACEIS. Following the proposed transaction, Crédit Agricole will control 100% of the share capital of CACEIS. Completion of the transaction is subject to customary closing conditions, including regulatory approvals, and is expected to take…
Allvue acquires PFA
Allvue Systems, LLC, a fintech provider of alternative investment solutions, has acquired PFA Solutions LLC, a provider of compensation and carried interest software solutions for firms across private equity, private debt and venture capital.
Ocorian acquires in U.S.
Ocorian, the C.I.-based provider of fund and corporate administration services, has acquired EdgePoint Fund Services, a U.S.-based fund administrator providing fund administration services to U.S. fund managers across private markets.
TCorp acquires stake in Euroclear
TCorp has acquired a 4.92pct interest in Euroclear Holding SA/NV from London Stock Exchange Group (LSEG). TCorp is the investment and financial management partner of the New South Wales (NSW) public sector. It is a top 10 Australian investment manager, with AUD115bn (USD73bn) AuM. The total value of TCorp’s investment in Euroclear is EUR455m (USD477m).
SS&C signs with Insignia
SS&C has signed an initial agreement with Insignia Financial, an Australia-based administrator, to deliver superannuation member administration services. Insignia Financial supports around 1.1m superannuation fund members through its wealth management offerings. Upon signing a final binding agreement, more than 1,000 team members in seven offices across Australia will transfer from Insignia to SS&C.
CI to be taken private
CI Financial Corp., the Canada-based manager with c. CAD518.1bn (USD368bn) in client assets, has entered into a definitive agreement with an affiliate of Mubadala Capital, the alternative asset management arm of Mubadala Investment Company, to take CI private in a transaction that values CI’s equity at c. CAD4.7bn (USD3.3bn) and implies an enterprise value of…
Centralis to acquire Admina
Centralis Group, a Luxembourg-based alternative asset and corporate services provider, is to acquire Admina Fund Services. Admina is a provider of fund administration and corporate services based in Guernsey, C.I. Admina provides a full suite of integrated fund administration and company secretarial services to regulated and unregulated, listed and unlisted closed-ended limited partnerships, companies, trusts…
Apex buys in Chile
Apex is to acquire Finix Group, a Chile-based financial services company.In 2020, Finix Group merged with Compass Group’s fund administration business, consolidating Finix Group in the third-party asset management industry with >USD10.5bn AuA. The addition of Finix Group adds around 100 employees to Apex.
Juniper Square to acquire in Lux
Juniper Square, a provider of fund software and administration solutions for private markets, today announced a definitive agreement to acquire Forstone Luxembourg, a division of Forstone Group, Forstone Luxembourg provides fund administration, transfer agency, and other fund services in Luxembourg. The transaction is subject to customary regulatory approvals. following which Forstone Luxembourg will operate as…