Davies, a professional services and technology business, has acquired Sionic, a consulting and technology firm. Headquartered in the UK, Sionic specialises in technology transformation and digitalisation, international regulatory compliance, and risk management. Sionic will join Davies’ consulting & technology practice headed by CEO Mark Grocott. Craig Sher, Sionic CEO, will continue to lead day-to-day operations…
Category: M&A
STP acquires Tower
STP Investment Services, a U.S.-based, end-to-end investment operations service provider with >USD340bn AuA, has acquired Tower Fund Services, a U.S.-based fund administrator providing an outsourced solution for alternative investment managers and family offices. Tower offers fund administration to private equity funds, cryptocurrency funds, hedge funds, venture capital, fund of funds, real estate, and direct lending…
IQ-EQ acquires Greyline Partners
IQ-EQ, the Luxembourg-based investor services provider, has acquired Greyline Partners, LLC, a U.S. provider of governance and regulatory compliance solutions for private capital, hedge funds and investors. Founded in 2016, Greyline has 56 people across its six offices located in San Francisco, Dallas, New York, Chicago, Boston and London. Also part of Greyline is GCM…
SEI acquires Novus Partners
SEI has acquired Novus Partners, a global portfolio intelligence platform company. Novus’ platform streamlines data management, performance measurement, reporting, attribution and look-through analysis in a single digital tool. Founded in 2007, Novus works with more than 140 clients who collectively manage over USD4trn in assets. Following the acquisition, operations will continue in all four of…
Confluence to acquire Compliance Solutions Strategies
Confluence, a technology solutions provider for the investment management industry, has agreed to acquire Compliance Solutions Strategies (CSS), a RegTech company. Founded in 2017 and headquartered in New York, CSS offers a global RegTech platform underpinned by its proprietary Regulatory Book of Record data management solution. Servicing more than 600 clients globally, including nine of…
Confluence agrees to acquire Investment Metrics
Confluence Technologies, a technology solutions provider for the investment management and administration industry, has agreed to acquire Investment Metrics for USD500m. Investment Metrics is a provider of investment data, performance, analytics and research software solutions for institutional investors and advisors. Investment Metrics services more than 400 clients across 30 countries, representing over USD14trn in AuA.
Carne acquires 3D
Carne Group, the Ireland-based provider of fund support services, has acquired Distributor Due Diligence Ltd (3D), a fintech provider that enables fund managers and intermediaries to conduct due diligence on their fund distributors and institutional clients.
Apex closes Mainstream deal
Apex Group has completed the acquisition of Mainstream Group Holdings Limited, following approvals from Mainstream’s shareholders, the Federal Court of Australia and regulators. Mainstream, an Australia-based administrator with more than 360 employees across Australia, Singapore, Hong Kong, U.S., Isle of Man, Malta, Ireland and the Cayman Islands, services 1,400 funds with AuA of >AUD295bn (USD222bn).
SEI acquires Finomial
SEI has confirmed the acquisition of Finomial, an investor lifecycle management firm offering cloud-native financial technology. The technology is expected to be added to SEI’s existing investor-focused platforms to further enhance automation and digitisation capabilities, as well as reporting and transparency. Meredith Moss, Finomial founder and CEO, joins SEI, along with a total of 42…
JTC to acquire perFORM
JTC, the C.I.-based provider of fund and corporate services, is to acquire perfORM Due Diligence Services (perfORM), a UK-based provider of due diligence services to a diverse base of UK and international asset allocators and investment managers. Launched in 2019, perfORM was set up as an operational due diligence (ODD) business to provide solutions to…