Suntera Global, the C.I.-based administrator, has acquired UK-based depositary services business, Marick Capital Limited. Marick Capital, a wholly owned subsidiary of Marick Real Estate, serves a range of UK real estate and venture capital clients, holds Financial Conduct Authority (FCA) permissions to act as an operator, sub-threshold alternative investment fund manager (AIFM) and depositary of…
Category: M&A
SGSS sells retail custody business
Société Générale and Crédit Mutuel Arkéa have signed a Memorandum of Understanding for the divestment of Société Générale securities services’ custody account-keeping delegation activity dedicated to the French retail banking segment. This activity covers the management of securities transactions, interest and dividend payments, and the holding of positions in ordinary securities accounts (CTOs) and equity…
Alchelyst and Lyra complete merger
Alchelyst and Lyra Client Solutions have completed their merger. The combined company, backed by Motive Partners and anchor client Apollo, will be led by Joan Kehoe, founder and CEO of Alchelyst, and will operate under the Alchelyst name.
Centralis acquires in U.S.
Centralis Group, the Luxembourg-based alternative asset and corporate services provider, has acquired PINE Advisor Solutions, a U.S.-based provider of compliance, fund officer, and distribution services to asset managers. PINE acts as a distributor for >USD25bn in ETF assets and provides outsourced chief compliance officer and principal financial officer services for U.S. registered funds. PINE also…
iCapital to acquire Passthrough
Passthrough, the fintech focused on the alts sector, is to be acquired by iCapital, the fintech platform for alternative investments.
Arcesium acquires OMS provider
Arcesium has acquired Limina, a Stockholm-based portfolio and order management systems provider. The entire Limina team will join Arcesium. Limina CEO, Kristoffer Fürst will join Arcesium, reporting to Bryan Dougherty, president, product and technology.
UI agrees to Swedish deal
Universal Investment Group has agreed with Advisense Group AB, the sole shareholder of FCG Fonder AB, for the acquisition of FCG Fonder AB by UI, subject to approval by Finansinspektionen, the Swedish regulatory authority. FCG Fonder is a Swedish provider of third-party ManCo and fund administration services with EUR4.6bn (USD5.4bn) AuA. The deal will add…
Apex lifts out in Australia
Apex has reached a lift-out agreement to onboard Mercer’s superannuation administration operations in Australia.
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…