Apex Group has acquired BEST Alternative Advisory Services, an India-based financial services provider. BEST will add AuA of USD30bn to the Apex Group, and an additional 35 employees based in Mumbai, India. BEST delivers fund services for open and closed-ended fund client profiles including private equity, fund of funds, mutual funds, managed accounts and hedge…
Category: M&A
IHS Markit partners with METACO
IHS Markit, the UK-based provider of information, analytics and solutions, has partnered with METACO, the Swiss-based provider of software and infrastructure to the digital asset industry. The partnership aims to deliver post-trade securities processing capabilities for digital assets. IHS Markit’s post-trade securities processing platform will be integrated with METACO Harmonize, a secure digital asset system,…
Carne to acquire AMX
The Carne Group, the Ireland-based provider of services to asset managers, is to acquire the Asset Management Exchange (AMX) from WTW (Willis Towers Watson), subject to regulatory approvals. WTW will take a minority stake in Carne as part of the deal. AMX connects investors, asset managers and service partners so they can transact and interact…
Waystone to acquire KBA
KB Associates, an Ireland-based professional services firm offering ManCo, governance, regulatory and related consulting services, has reached an agreement to join the Waystone Group, subject to regulatory approval. KBA employs almost 100 consultants, advises over 250 international asset managers and supports investment funds with assets exceeding USD400bn. Mike Kirby, KBA founder and managing principal, will…
Gemini acquires Omniex
Gemini, the crypto firm founded by the Winklevoss brothers, has acquired Omniex, a trading technology platform that provides order, execution, and portfolio management system solutions for institutional crypto trading. Omniex was founded by CEO Hu Liang and chief strategy officer John Burnett, both of whom worked at State Street. As part of this acquisition, the…
Tokeny partners with Inveniam
Tokeny, the Luxembourg-based tokenisation platform that is backed by Euronext., has formed a partnership with Inveniam Capital Partners, Inc., a U.S.-based SaaS company delivering trust, transparency and completeness of data to private market assets. The partnership includes a EUR5m (USD5.7m) investment by Inveniam, Apex, and K20 Fund. The partnership aims to fully unlock asset liquidity…
Apex plans NZ entry through acquisition
Apex Group plans to acquire MMC, a New Zealand-based provider of investment administration services. The transaction is subject to customary conditions, including regulatory approvals expected to be granted in early 2022. MMC has provided full outsourced investment administration services to the New Zealand investment management community since 2005. During this time, MMC has grown to…
Waystone to buy UK ACD provider
Waystone, a provider of specialist services to the asset management sector, has entered into an agreement with T. Bailey Holdings Limited to acquire T. Bailey Fund Services (TBFS), which will strengthen its presence in the UK Authorised Corporate Director (ACD) market. TBFS is an independent, fully-hosted ACD and fund administration service provider to the UK…
Standish acquires Alpha
Standish Management, a U.S.-based alternatives administrator, has acquired Alpha Alternatives, a small fund administration firm for hedge funds and other investment vehicles. Standish is an independent provider of fund administration services to private equity, venture capital, and real estate managers. Founded in 2007, Standish has >USD250bn AuA, administering over 2,500 entities and reporting to more…
RBC sells HK business to SC
Standard Chartered has agreed to acquire the trustee and domestic asset servicing businesses of RBC Investor & Treasury Services in Hong Kong. The deal, which is subject to regulatory approval, is another step in RBC’s strategy to focus on North America and Europe. In 2020 RBC sold its Hong Kong corporate services business to SMP.