Altum Group, a C.I.-based provider of fund, corporate, and family office solutions, has agreed to acquire Link Fund Solutions (Luxembourg) S.A., a provider of AIFM and ManCo services, from Link Group. Link Luxembourg is part of Australia-based Link Group’s fund solutions business. Established in 2018, Link Luxembourg provides services to an institutional client base through…
Category: M&A
SS&C acquires Australian TA business
SS&C has signed a definitive agreement to acquire the managed funds administration business from Iress, an Australian financial services technology company. The MFA business is one of Australia’s largest third-party fund registries, with around AUD900bn (USD576bn) in managed assets across over 1,400 funds, four custodians and 69 fund managers. The deal is expected to close…
TMF expands in Malta
TMF Group, the Netherlands-based provider of business administration services, plans to acquire Avanzia Taxand in Malta. Avanzia Taxand provides tax advisory and tax compliance services, as well as a suite of corporate services, including domiciliation, accounting and directorship. Completion of the transaction is subject to regulatory approvals.
Equity Trust buys Midland Trust
Equity Trust Company, a U.S.-based custodian of self-directed IRAs, has acquired Midland Trust, a self-directed IRA company based in Fort Myers, FL. Equity Trust services individuals seeking to self-direct their retirement investments, offering access to investment options such as real estate, private equity, and precious metals.
TMF to acquire FIDD in Brazil
TMF Group, a Netherlands-based provider of administrative services, has entered into an agreement to acquire FIDD Group, a full-service outsourced fund administration provider based in Brazil. The transaction is subject to regulatory approval by Banco Central, with completion expected in 2024. Following the acquisition, TMF Group would administer more than EUR200bn of client assets. FIDD…
MSCI to own Burgiss outright
MSCI Inc., a provider of decision support tools and services for the investment sector, has entered into a definitive agreement to acquire the remaining 66pct of The Burgiss Group, LLC for USD697m in cash. Burgiss is a U.S.-based provider of data, analytics, and technology solutions for investors in private assets. Since its initial investment in…
Hamilton Lane invests in IDR
Hamilton Lane, a private markets investment management firm, has made an investment in IDR, the investor onboarding platform focused on private markets. Additionally, Hamilton Lane will deploy IDR’s platform for its investor onboarding process, including fund subscription, KYC, tax, and money laundering reporting officer services. The investment amount was not disclosed.
Deutsche Börse to buy out FundsDLT partners
Deutsche Börse Group is to acquire the remaining shares in FundsDLT. The Luxembourg-based company is a decentralised platform based on DLT for end-to-end fund distribution and processing. The acquisition is expected to be completed in the fourth quarter 2023 or the first quarter 2024, subject to regulatory approval. The acquisition of all outstanding shares of…
Waystone makes progress on Link deal
Waystone, the Ireland-based administrator, has moved closer to the completion of its proposed acquisition of the Irish and UK businesses of Link Fund Solutions. Certain contractual conditions have been satisfied, with counterparties to LFS contracts, representing the threshold majority of revenue, now agreeing to those contracts being transferred to Waystone on completion of the sale.…
Vistra and Tricor merge
Vistra, the Asia-based fund and corporate service provider, has completed its merger with Tricor Group. The combined business has >9,000 professionals in 50+ jurisdictions. Simon Webster, who joined Vistra in 2022 as CEO, becomes CEO of the combined business. Kim Jenkins, Tricor’s CEO, has been appointed as COO. The merged entity, headquartered in Hong Kong,…