Gen II Fund Services, a U.S.-based independent private capital fund administrator, has signed a definitive agreement to acquire the private capital administration business of Crestbridge, a UK-based provider. The transaction is expected to close following customary regulatory approvals. Terms of the transaction were not disclosed. Crestbridge Family Office Services, which is not part of this…
Category: M&A
Apex to acquire Retransform
Apex has agreed to acquire Retransform from The Annet Group. Retransform is a global real estate service provider offering technology solutions and managed services to commercial, retail, residential and corporate real estate clients. Apex and Annet are also establishing a joint venture to develop software in the areas of data analytics, valuation, and digital twins…
RBC rebrands InServ business
Following the acquisition of RBC Investor Services’ operations in Europe and Malaysia by CACEIS, RBC Investor & Treasury Services (I&TS) has rebranded as RBC Investor Services. The treasury services unit now falls under RBC’s capital markets business line.
RBC completes deal with CACEIS
RBC has completed the sale of the European asset servicing activities of RBC Investor Services, and its associated Malaysian centre of excellence, to CACEIS. CACEIS’ acquisition of the business of the UK branch of RBC Investor Services Trust and RBC Investor Services business in Jersey is expected to take place in the coming months, subject…
REYL acquires Carnegie
REYL Intesa Sanpaolo has acquired Carnegie Fund Services SA, a Swiss fund representative. Carnegie services fund management companies, boutique firms and large global asset management groups based in Europe, North America, Asia, and Australia, acting as a Swiss representative for over 100 managers and over 700 funds. Swiss-based REYL is part of the Intesa Sanpaolo…
IQ-EQ acquires in Asia
IQ-EQ, the Luxembourg-based administrator, has reached agreements to acquire ComplianceAsia and Lymon Pte Ltd. ComplianceAsia, the longest established compliance consulting firm in Asia Pacific and one of the largest firms operating in the region, was founded in 2003. Lymon was founded in Singapore in 2013 to address a gap in the market in the provision…
Apex closes parts of MJ Hudson deal
Apex has closed the acquisition of the data & analytics division of MJ Hudson Plc, a UK-based provider of services to the asset management industry, specialising in private markets and alternative investments. MJ Hudson’s data & analytics business includes ESG, custodian bank benchmarking, and quantitative solutions, as well as investor relations and marketing support, and…
Ripple acquires Metaco
Ripple, the UK-based fintech specialising in enterprise blockchain and crypto solutions, has acquired Metaco, a Swiss-based provider of digital asset custody and tokenisation technology. Ripple, which has primarily operated in the cross-border payments space, will expand its offering to provide clients with the technology to issue, settle and safekeep any type of tokenised asset. Metaco…
Suntera to acquire in Guernsey
Suntera Global, the C.I.-based administrator, plans to acquire Carey Commercial Limited, a Guernsey-based fund, corporate and private wealth services provider. With 80 employees, Carey currently provides professional, administrative and accounting services to a portfolio of fund managers, institutions, UHNWs and family offices. The deal is subject to regulatory approval.
Alter Domus acquires CLO specialist
Alter Domus, a Luxembourg-based provider of fund administration, debt capital markets, and corporate services for the alternative investment industry, has acquired Solvas, a loan and debt servicing software platform, from Deloitte. Solvas serves asset managers and trustee participants in the collateralised loan obligation (CLO) markets internationally and offers accounting, modelling, and credit risk solutions. Most…