CSC, a U.S.-based provider of business, legal, tax, and digital brand services, has acquired FIRSTCORP PTE. LTD and its affiliates, a Singapore-based service provider of company secretarial and administration services to corporations and alternative asset managers. FIRSTCORP offers company formation, corporate secretarial, and domiciliation services, and specialises in the establishment and ongoing administration of Singapore…
Category: M&A
Crestbridge acquires Ovation FS in the U.S.
Crestbridge, the C.I.-based private equity and real estate administrator, is to acquire Ovation Fund Services, a U.S.-based provider of fund administration, accounting and reporting services to US domestic private equity and real estate funds. Ovation will become part of the Crestbridge brand from 31 December 2020 and all Ovation employees will join the global Crestbridge…
Apex acquires UK retail TA provider, IASL
Apex has acquired Investor Administration Solutions Limited, a UK-based retail transfer agency business, from Professional Partners Administration Limited. Terms and details of the deal were not disclosed.
DMS acquires Azienda in Luxembourg
The DMS Group, a specialist fund corporate governance provider, has acquired Azienda Financial Services, a corporate services provider based in Luxembourg. Azienda specialises in administering investment structures for private equity, real estate and structured finance. Earlier this year, DMS struck an agreement with Luxembourg-based MDO, and Ireland-based MontLake, to form a broad fund governance and…
SIX takes stake in Custodigit
The Swiss Stock Exchange has made an investment in Custodigit, the joint venture created by Swisscom and Sygnum in 2018. With this agreement, SIX Digital Exchange, Swisscom, and Sygnum Bank will enable Swiss banks to offer access to digital assets for their customers through an institutional digital asset gateway. The gateway will support the complete…
Sanne to acquire PEA in Denmark
Sanne, the UK-listed provider of alternative asset and corporate business services, has agreed to acquire Private Equity Administrators, a Denmark-headquartered private equity fund administrator. PEA specialises in providing fund administration and depositary services to alternative fund structures. The business also has operations in Sweden and Guernsey, with over 55 employees and >EUR27bn AuA. This is…
Deutsche Borse to acquire 80pct of ISS
Deutsche Börse AG, Institutional Shareholder Services Inc. and Genstar Capital LLC have reached an agreement for Deutsche Börse to acquire a majority share of approximately 80pct in ISS, valuing ISS at USD2,275m (EUR1,925m). Genstar Capital and current management will continue to hold a stake of approximately 20pct. The transaction is expected to close in the…
FNZ to acquire Silica from Ninety One
FNZ, a global wealth management platform with over EUR700bn in assets under administration, has agreed to acquire South African third-party administrator Silica from Ninety One. Silica was established by Ninety One (then Investec Asset Management) in 1999 and provides third-party administration and related technology solutions to asset managers and investment product providers (including Ninety One)…
Carlyle leads new equity investment for Apex
The Carlyle Group has led a preferred equity investment for Apex Group, the Bermuda-based global financial services provider. Apex will use the capital to support ongoing growth and acquisition activities, including its previously announced acquisitions of Luxembourg-based FundRock and Banco Modal’s alternative fund administration business in Brazil. Carlyle recently agreed to buy a majority stake…
IQ-EQ supports Claret spin-out from Harbert
IQ-EQ, the Luxembourg-based provider of corporate and fund services, has supported the spin-out of Claret Capital Partners from Harbert Management Corporation, a U.S.-based manager focused on alternative assets, with approximately USD7.4bn AuM. This transaction sees Claret assume full ownership and control of the general partners of Harbert European Growth Capital debt funds, with >EUR400m (USD470m)…