TMF Group, the Netherlands-based provider of administration services, has completed the acquisition of Paraty Capital, a Brazilian fund administration platform which focuses on private equity, infrastructure, venture capital and private debt funds. Paraty Capital has been providing independent third-party fund administration services since 2014 and has >BRL15bn AuA (USD2.6bn). TMF Group administers >EUR160bn (USD180bn) of…
Category: M&A
SS&C invests in new tech venture
SS&C has invested in a newly incorporated company formed by the combination of Equiniti and American Stock Transfer & Trust Company, recently acquired by affiliates of Siris Capital Group, LLC. Equiniti is a U.S. and UK provider of shareholder, pension, remediation, and credit technology, and AST is a provider of U.S. shareholder technology. SS&C has…
Ultimus acquires FD Fund Administration
Ultimus Fund Solutions, the U.S.-based provider of fund administration, accounting and investor solutions, has acquired FD Fund Administration. FD Fund Administration, headquartered in Philadelphia with additional offices in New York City and Minneapolis, is an independent provider of accounting and administrative services. The firm has a focus on real estate, credit, and infrastructure funds. In…
JTC acquires EFS
JTC, the C.I.-based-based professional services business, has acquired New York-headquartered Essential Fund Services. EFS provides services in the alternative assets space, including accounting, reporting and administration to investment partnerships and their investment managers. The acquisition of EFS follows JTC’s recent purchase of SALI Fund Services, and the 2020 acquisition of NES. EFS provides services to…
Deutsche Börse completes deal with Crypto Finance
Deutsche Börse has completed its acquisition of a majority stake in Crypto Finance, a FINMA-regulated provider of trading, custody, and investment services for digital assets. Jan Brzezek, CEO and co-founder of Crypto Finance, and the current management team will continue to lead Crypto Finance and retain a significant stake in the company. Crypto Finance will…
SS&C to acquire Hubwise
SS&C has entered into a definitive agreement to acquire Hubwise Holdings Limited, a regulated U.K. B2B investment platform serving advisors, discretionary wealth managers and self-directed digital D2C propositions. Under the terms of the agreement, approved by the shareholders of Hubwise, SS&C will purchase Hubwise in an all-cash transaction. The acquisition adds 58 employees serving 51…
CSC and Intertrust reach conditional agreement
CSC, the U.S.-based provider of business, legal, tax, and digital brand services, has reached a conditional agreement on a recommended public offer for all issued and outstanding ordinary shares of Intertrust, the Netherlands-based administration and corporate services provider that has USD460bn AuA. Earlier in 2021 CVC, a UK private equity firm, abandoned a bid for…
SimCorp partners with Domos FS
SimCorp, the U.S.-based provider of SaaS investment management solutions, has entered into a partnership with Domos FS to deliver a front-to-back-office investment management offering covering both public and private markets for asset managers, asset owners and service providers. SimCorp has taken an initial minority stake in Domos FS.
Davies acquires Sionic
Davies, a professional services and technology business, has acquired Sionic, a consulting and technology firm. Headquartered in the UK, Sionic specialises in technology transformation and digitalisation, international regulatory compliance, and risk management. Sionic will join Davies’ consulting & technology practice headed by CEO Mark Grocott. Craig Sher, Sionic CEO, will continue to lead day-to-day operations…
STP acquires Tower
STP Investment Services, a U.S.-based, end-to-end investment operations service provider with >USD340bn AuA, has acquired Tower Fund Services, a U.S.-based fund administrator providing an outsourced solution for alternative investment managers and family offices. Tower offers fund administration to private equity funds, cryptocurrency funds, hedge funds, venture capital, fund of funds, real estate, and direct lending…