The Carlyle Group has agreed to buy a majority stake in Calastone, the UK-based funds network, from its current owners, including Octopus Ventures and Accel, for an undisclosed sum. Terms of the deal were not disclosed and it is subject to regulatory approval.
Category: M&A
MJ Hudson to acquire Bridge Group in Ireland
MJ Hudson, the UK-based asset management consultancy, has acquired Bridge Group, a funds service provider based in Ireland, subject to Irish regulatory approval. The acquisition will build on MJ Hudson’s specialist funds operations in UK, Luxembourg and Guernsey. Bridge Group is a Dublin-based provider of specialist support services to the funds sector. IT offers regulatory…
Apex to acquire FundRock
Apex Group Ltd., the Bermuda-based financial services provider, has announced plans to acquire FundRock Management Company SA and FundRock Partners Ltd. Upon completion of the transaction, Apex would reach close to USD1trn in combined assets across administration, custody, depositary and management. FundRock is the largest third-party manager of UCITS funds in Luxembourg. Terms of the…
Carlyle, Pacific Equity Partners issue offer for Link in Australia
Link Administration Holdings Limited, the Australian administrator, has received a conditional, nonbinding indicative proposal from a consortium including Pacific Equity Partners, Carlyle Group and their affiliates to acquire 100pct of the shares. The indicative cash price offered to shareholders under the proposal is AUD5.20 per share. Perpetual, which currently holds 9.65pct of Link Group, has…
BNY Mellon & NCB Capital strike white label deal in Saudi Arabia
NCB Capital, the asset management and investment banking arm of Saudi Arabia’s National Commercial Bank, has struck an alliance with BNY Mellon to deliver global custody and associated asset servicing activities to institutional and large asset owners based in the country. The alliance will provide clients of NCB Capital, Saudi’s largest custodian and asset manager,…
BNP Paribas and Allfunds complete agreement
A year after announcing the deal, BNP Paribas and Allfunds have finally completed their strategic agreement. As part of this partnership, BNP Paribas Securities Services will give its fund-buyer clients access to more than 2,000 fund houses and 100,000 funds and a range of fund analytics services from its new Fund@ccess platform, which is powered…
Clearstream completes majority purchase of Fondcenter from UBS
Clearstream has completed the acquisition of a majority stake in UBS’s fund distribution platform, Fondcenter AG. Clearstream and UBS signed an agreement under which Clearstream has now acquired a 51.2pct stake in Fondcenter for CHF389m. Clearstream will combine the Fondcenter business with its existing Fund Desk, forming Clearstream Fund Centre, a global fund distribution support…
TMF to acquire Selectra ManCo in Luxembourg
TMF Group and Farad Group have signed an agreement for the acquisition of Selectra Management Company by TMF Group from Farad Group. Completion of the transaction is subject to regulatory approvals from the Commission de Surveillance du Secteur Financier. Selectra is a regulated management company based in Luxembourg, servicing both AIFs and UCITS.
Sanne buys Deutsche Bank’s trust & agency business in Japan
Sanne, a UK-listed provider of alternative asset and corporate services, has acquired Deutsche Trust Company Limited Japan, Deutsche Bank’s trust and agency services business in Japan. The company will operate its trust business under the new name, Sanne Group Japan Trust Company.
Ocorian to acquire Newgate Compliance
Ocorian, the C.I.-based administrator, is to acquire Newgate Compliance, a UK-based compliance consultancy and hosted regulatory solutions provider for funds clients. The deal is subject to regulatory approval.