Apex has reached a lift-out agreement to onboard Mercer’s superannuation administration operations in Australia.
Category: M&A
CWAN to be acquired
Clearwater Analytics, the U.S.-based accounting fintech, has entered into a definitive agreement to be acquired in a transaction valued at approximately USD8.4bn by an investor group led by Permira and Warburg Pincus, with participation from Temasek. The investor group has support from Francisco Partners. The CWAN board of directors has approved this transaction. Permira recently…
Suntera acquires in Singapore
Suntera Global, the C.I.-based provider of fund, corporate and private wealth services, has acquired Singapore-headquartered fund and corporate service provider, Aurtus Singapore. The acquisition of Aurtus Singapore is Suntera’s eleventh acquisition since 2019 and establishes a presence for Suntera in Singapore for the first time. Aurtus Singapore was established in 2023 and has a team…
Ocorian acquires in UAE
Ocorian, the C.I.-based asset servicing provider for asset managers, private and corporate clients, has acquired Clarity Consulting Solutions Ltd, a UAE- based regulatory and compliance services provider. Clarity was founded in 2020 by Natalie Hodgins and Shamshad Khan who, together with partner Barry Cotter, will join Ocorian and be part of the global regulatory and…
ID-Pal acquires KYB fintech
ID-Pal, the identity verification platform, has acquired NorthRow, a Know Your Business (KYB) fintech. The acquisition will enable ID-Pal to deliver a unified compliance intelligence solution for KYC, KYB, and AML. NorthRow brings financial service firms including Caxton, Equifax and Hargreaves Lansdown into the existing ID-Pal global portfolio, which already includes government organisations such as…
BlackFin and Arendt agree AIS deal
BlackFin Capital Partners and Arendt have entered into a partnership that will see BlackFin become the majority shareholder of Arendt Investor Services, subject to CSSF approval and other customary procedures, with Arendt retaining a significant stake. The scope of the transaction also includes the third-party AIFM, AManco. Luxembourg-based AIS offers services ranging from fund administration,…
Permira to acquire JTC
Permira, the private equity firm, has agreed to acquire JTC Plc, the C.I.-based fund administration group, in a recommended cash deal valuing the company at approximately GBP2.3bn (USD2.8bn). The acquisition is expected to be implemented via a court-sanctioned scheme of arrangement under Jersey law, though it reserves the right to switch to a takeover offer…
SS&C to acquire Curo
SS&C is to acquire Curo Fund Services, a South African provider of fund administration solutions, from a joint venture between Sanlam and Old Mutual. The transaction is subject to approval by the South African Competition Commission. Terms of the deal were not disclosed. Curo administers >ZAR3trn (USD170.4bn) and services Sanlam, Old Mutual and third-party institutional…
Alchelyst to merge with Lyra
Alchelyst, the Ireland-based fund administrator for alternative asset managers, and Lyra Client Solutions, a client servicing organisation spun out from Apollo, have announced a merger to form a private markets servicing platform purpose-built to transform the investor experience across the institutional and global wealth channels. The transaction is expected to close in the fourth quarter…
CACEIS takes stake in Kriptown
CACEIS has acquired a minority stake in Kriptown, the French fintech specialising in asset tokenisation. This investment coincides with the upcoming launch of Lise (Lightning Stock Exchange), its subsidiary, which will be the first European tokenised exchange dedicated to SMEs and mid-cap companies. Lise is developing a market infrastructure designed to simplify equity financing and…