Mainstream, the Australian administrator that has >AUD200bn (USD152bn) AuA, has entered into a Scheme Implementation Deed with Apex, and its directors have unanimously recommended that Mainstream shareholders vote in favour of the Apex offer.
Category: Independents
MJ Hudson acquires Clarus Risk
MJ Hudson, the UK-based consultancy, has acquired Clarus Risk, a fintech firm specialising in regulatory risk and risk reporting automation. Clarus will now trade as MJ Hudson Quantitative Solutions.
Sarj Panesar joins Sanne to head UK business development
Sanne, the UK-listed alternative asset administrator, has appointed Sarbjit (Sarj) Panesar as head of UK business development. Based in Sanne’s London office, Panesar joins from Société Générale Securities Services, where he was most recently in charge of business development for the asset management and insurance sectors.
ERShares transfers mutual funds & ETFs to Ultimus
Ultimus Fund Solutions, a U.S.-based provider of fund administration, accounting, and investor solutions, has been selected by U.S.-based ERShares to provide administration services for three mutual funds and two ETFs. Ultimus is providing fund administration, fund accounting, distribution and transfer agency services for the mutual funds and ETFs, which transitioned to Ultimus in Q4 2020…
Apex acquires Senasen
Apex has acquired Senasen Group Ltd., a digital marketing platform provider designed to connect LPs and GPs and support the capital raising process. Founded by Blair McPherson and created by Ben Slater, both of whom will join Apex as part of the deal, Senasen’s proprietary SaaS platform will benefit clients through delivering a self-service offering…
Ross Thomson joins Crestbridge as head of Lux fund services
Crestbridge, the C.I.-based provider of private equity and real estate administration services, has appointed Ross Thomson as head of funds services in Luxembourg. Prior to joining Crestbridge, he was COO for Carne Global Fund Managers Luxembourg, where he was responsible for the ManCo and AIFM operations.
Ultimus LeverPoint adds Patrick Mulkern to sales team
Ultimus LeverPoint Private Fund Solutions, the private equity administration business of Ultimus Fund Solutions, has appointed Patrick Mulkern as an SVP in the sales team. He joins from Mainstream. Ultimus LeverPoint, which was formed after Ultimus bought LeverPoint in 2019, provides accounting and fund administration solutions to >200 firms with approximately USD110bn AuA.
Alter Domus to acquire IEA
Alter Domus, the Luxembourg-based provider of fund administration, debt capital markets and corporate services, continues its U.S. expansion with the acquisition of Investors Economic Assurance. This will add 22 specialists in alternative investment asset servicing and fund administration and more than USD54bn AuA. This is the third acquisition in North America for Alter Domus in…
EFA & ODDO BHF support receivables FCT fund
EFA, ODDO BHF, Smart Lenders AM and Pledg have launched the SLAM Cash Advance FCT fund. EFA and ODDO BHF have been selected by Smart Lenders AM to organise the launch of SLAM Cash Advance FCT (Fonds Commun de Titrisation). This fund aims at acquiring and financing receivables sold by Pledg, a French fintech in…
Clearlake to buy Confluence from TA
Confluence Technologies, Inc., a U.S.-based software and data solutions provider to the investment management industry, has signed a definitive agreement for Clearlake Capital Group, L.P. to acquire the company from TA Associates. Upon closing of the transaction, Clearlake will become the majority shareholder while TA will retain a minority equity stake. Founded in 1991, Confluence…