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.
Category: M&A
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…
JTC acquires SALI
JTC, the C.I.-based administrator, has acquired SALI Fund Services, a U.S.-based provider of fund services to the insurance dedicated fund (IDF) and separately managed account (SMA) market. Founded in 2002, SALI provides a turn-key solution for the creation and administration of IDFs and has over USD15.8bn AuM.
BNY Mellon invests in Quantexa
BNY Mellon has completed an investment in Quantexa, a data management firm. As part of the deal, Joseph Sieczkowski, BNY Mellon’s CIO of engineering and architecture, will be joining the Quantexa board, and Eric Hirschhorn, chief data officer, will join Quantexa’s advisory board. BNY Mellon already uses Quantexa’s platform and will now expand its relationship…
Northern Trust takes stake in Essentia Analytics
Northern Trust has reached an agreement to take an equity stake in Essentia Analytics, Ltd., a provider of behavioral analytics and consulting services that utilises a cloud-based platform to bring together historical data and behavioral science to identify and address biases in thinking that impact investment performance. The addition of Essentia behavioral analytics solutions is…
JTC to buy Ballybunion Capital
JTC, the C.I.-based professional services business, has agreed to buy Ballybunion Capital Limited, an asset manager based in Dublin and regulated by the Central Bank of Ireland. Founded in 2009, Ballybunion Capital provides management and regulatory oversight services to investment funds and offers ManCo services as an AIFM as well as governance oversight, portfolio management…
Apex partners with VCP
Apex has entered into a joint venture with VCP Advisors, a UK-based provider of financial, advisory and capital raising services for corporate and fund manager clients. VCP works with companies and closed-ended and open-ended funds across the private equity, private credit, venture capital, infrastructure, real estate and hedge fund asset classes, providing advisory, capital raising…
JTC acquires Segue Partners
JTC, the C.I.-based administrator, has acquired Segue Partners, a fund services business headquartered in St. Louis, Missouri. Founded in 2010, Segue provides fund solutions to private equity, venture capital and debt funds, as well as family offices. Michelle Murray, managing director and founder of Segue, will continue to lead the business, The transaction is not…