HWM Group, a Dublin-based investor services and regulatory solutions provider to alternative and retail fund administrators, has acquired the assets of KOGER, Inc., a U.S.-based fintech. Lovell Minnick Partners, LLC, a private equity firm focused on investments in financial services, fintech and related business services, funded the KOGER asset acquisition and has taken a majority…
Category: M&A
ACOLIN acquires Gert Rautenberg’s GFA
ACOLIN, a Switzerland-based provider of regulatory and cross-border fund distribution services across Europe, has acquired GFA. Founded in 2014, GFA operates a SaaS-based data collection and analytics platform for asset managers and distributors to manage their compliance obligations and to enable asset managers to gain insights into their distribution networks and identify opportunities to improve…
U.S. Bank invests in FX specialist Lumint
U.S. Bank has made an equity investment in Lumint, a Boston-based company that provides currency management services to institutional investors. Earlier this year, U.S. Bank launched a new passive currency hedging service powered by Lumint’s technology. In 2018 Lumint formed a strategic partnership with Northern Trust.
Olympia set to offer Bitcoin custody in Canada after Knox deal
Further progress in the crypto-currency custody space in Canada. Olympia Trust Company has entered into a letter of intent with Knox Capital Inc. and Knox Industries Inc. by which, subject to the satisfaction of certain conditions, Olympia Trust will be granted the exclusive Canadian licence to use a proprietary Bitcoin custody system developed by Knox.…
Mainstream board approves SS&C’s takeover terms
The board of directors of Mainstream Group Holdings Limited, the Australia-based administrator with >AUD224bn (USD175bn) AuA, has unanimously recommended an acquisition by SS&C of 100pct of the shares and outstanding equity rights in Mainstream for A$2.00 per security pursuant to a scheme of arrangement (in the absence of a superior offer and subject to an…
Confluence to buy Fundpeak
Confluence Technologies, a technology solutions provider helping the investment management industry solve complex investment data challenges, has reached an agreement in principle to acquire Fundpeak, a provider of secure fund portals and marketing tools such as fund factsheets and websites. Fundpeak’s solutions help funds produce multilingual factsheets for marketing purposes and to meet local regulatory…
Gate Capital appoints Equity Trustees as UCITS ManCo
Gate Capital has selected Equity Trustees to provide UCITS ManCo services for its latest product, The Written Fund. The fund was launched on Equity Trustees’ Irish domiciled UCITS Gateway platform and is now open to investors. Equity Trustees is an Australia-based provider of trustee and fund governance services with funds under administration and management of…
SS&C offers counter-bid for Australia’s Mainstream
SS&C has entered into a conditional Scheme Implementation Deed with Mainstream Group Holdings Limited, an Australian administrator. SS&C proposes to acquire 100pct of the shares and outstanding equity rights in Mainstream at a price of AUD2.00 per security, pursuant to a scheme of arrangement. Mainstream had previously entered into a Scheme Implementation Deed with Vistra…
TMF acquires Venture Back Office in the U.S.
TMF Group, a Netherlands-based provider of administrative services, has completed the acquisition of Venture Back Office (VBO), a U.S.-based provider of solutions to private equity, real assets, credit, and emerging manager funds. Following this deal, TMF Group will administer >EUR150bn of client assets. VBO was founded in 2007 and provides a range of fund administration…
Sanne acquires STRAIT
Sanne Group, the UK-listed provider of fund and corporate services, has acquired STRAIT, the U.S.-based provider of fund administration, financial oversight and regulatory compliance services for private equity funds, hedge funds, family offices, fund of funds, SPVs and other investment vehicles. STRAIT is headquartered in Dallas, Texas, with more than 50 employees servicing USD20bn AuA.