Accelex, a UK-based provider of automation for private markets data acquisition, reporting and analytics, has raised USD15m through a Series A funding round led by FactSet, a financial digital platform and solutions provider, with participation from existing investors Illuminate Financial, AlbionVC, SixThirty Ventures and Expon Capital.
Category: M&A
Petra receives capital injection
Petra Funds Group, a U.S.-based fund administrator serving private investment firms, has entered into a definitive agreement to receive a majority growth investment from Charlesbank Capital Partners, a middle-market private investment firm based in the U.S. The Petra founders and management team remain significant shareholders alongside Charlesbank. Founded in 2021, Petra offers fund administration and…
DTCC to acquire Securrency
DTCC, the U.S. market infrastructure provider, has signed a definitive agreement to acquire Securrency Inc., a developer of institutional-grade digital asset infrastructure. The acquisition is expected to close shortly. Both U.S. Bank and State Street are investors in Securrency. Securrency will become a wholly-owned subsidiary of DTCC and will operate under the name DTCC Digital…
EQT agrees sale of Irish business
EQT Holdings Limited, the ASX-listed holding company for Equity Trustees, has reached an agreement to sell its investment in its Irish business for a nominal sum. The business will be sold inclusive of cash held for regulatory capital purposes of EUR600,000-EUR700,000. In addition, a managed exit of the regulated activities conducted by the UK business…
Waystone completes Link deal
Waystone has completed the acquisition of the Irish and UK businesses of Link Fund Solutions, a division of Link Group, with all regulatory approvals and other contractual conditions completed. The transaction will see >600 staff join the business and significantly expand Waystone’s presence in existing and new territories, including India. Waystone recently announced Sanjiv Sawhney…
Centralis to acquire Ferris
Centralis Group, the Luxembourg-headquartered administrator, plans to expand its real estate service offering through the acquisition of Ferris Group. Ferris, also based in Luxembourg, is a specialist real asset service provider, working with real estate SPVs and investment funds.
Apex to acquire in Guernsey
Apex has agreed to acquire IP Fund Managers Guernsey Ltd (IPFMG), a Guernsey-based ManCo.The acquisition of IPFMG will add USD200m AuA, across eight funds and six fund managers. Apex’s existing ManCo services, delivered under the FundRock brands, cover >1,200 funds with a total of EUR234bn (USD250bn) AuM across 12 countries, including Guernsey, Luxembourg and Ireland.…
SimCorp offer moves ahead
Deutsche Börse has received the final regulatory approval relating to its offer for SimCorp. The offer period expires on 19 September 2023.
Altum to buy in Luxembourg
Altum Group, a C.I.-based provider of fund, corporate, and family office solutions, has agreed to acquire Link Fund Solutions (Luxembourg) S.A., a provider of AIFM and ManCo services, from Link Group. Link Luxembourg is part of Australia-based Link Group’s fund solutions business. Established in 2018, Link Luxembourg provides services to an institutional client base through…
SS&C acquires Australian TA business
SS&C has signed a definitive agreement to acquire the managed funds administration business from Iress, an Australian financial services technology company. The MFA business is one of Australia’s largest third-party fund registries, with around AUD900bn (USD576bn) in managed assets across over 1,400 funds, four custodians and 69 fund managers. The deal is expected to close…