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…
Category: M&A
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…
Deutsche Börse to acquire SimCorp
Deutsche Börse AG and SimCorp A/S have entered into a binding agreement which will see Deutsche Börse make an all cash recommended public takeover offer to acquire SimCorp, valuing the business at EUR3.9bn (USD4.3bn). The transaction is subject to regulatory approvals as well as other customary conditions and is expected to be completed in the…
Waystone to acquire Link Fund Solutions
Waystone Group, the Ireland-based ManCo and asset servicing provider, has signed definitive agreements to acquire the Irish and UK businesses of Link Fund Solutions, a division of Link Group, subject to regulatory approvals and other contractual conditions. The acquisition will broaden Waystone’s UK offering to include transfer agency and alternative administration. It will add >USD190bn…
DB1 invests in Next Gate
Next Gate Tech, a Luxembourg-based fintech, has raised EUR8m (USD8.8m) in a new funding round led by DB1 Ventures, the corporate venture capital unit of Deutsche Börse Group, with the continued support of existing investors, NewAlpha Asset Management, Volta Ventures, Expon Capital, and Seed X. Enrique Sacau, CEO of Kneip, a Deutsche Börse subsidiary, will…
Apex to acquire MJ Hudson
Apex has announced plans to acquire various operating businesses of troubled asset management services provider, MJ Hudson. Apex intends to acquire MJ Hudson’s business divisions which offer services including ESG, ManCo, quantitative, investment advisory, custodian bank benchmarking, Channel Islands fiduciary and fund administration, as well as investor relations and marketing solutions. MJ Hudson’s ManCo services…
TMF to acquire GFM in Ireland
TMF Group, the Netherlands-based provider of compliance and administrative services, is to acquire Goodbody Fund Management, part of Goodbody Stockbrokers, one of Ireland’s leading financial services firms. Completion of the transaction is subject to regulatory approval. In operation since 2013, GFM and the property investment management team provide fund solutions to AIFs and UCITS, as…
TMF to acquire Sino
TMF Group, the Netherlands-based provider of administrative services, is to acquire Sino Corporate Services Group. Sino was founded in 2007 and has offices in Hong Kong, China and Singapore, and employs 53 people. As a result of the acquisition, four members of Sino’s management team will join TMF. The deal follows the acquisitions of Hong…