Category: M&A

State Street and Brown Brothers Harriman have agreed to terminate State Street’s proposed acquisition of BBH’s investor services business. In a statement, State Street said: “After consideration of both regulatory feedback and potential transaction modifications to address that feedback, State Street has determined that the regulatory path forward would involve further delays, and all necessary…

Symphony, a UK-based fintech, has acquired Amenity Analytics, a natural language processing data analytics solution providing actionable insights to portfolio managers, research professionals, analysts and other financial markets participants. This acquisition will enhance Symphony’s markets strategy with highly relevant data and business insights use cases, including ESG capabilities.

Universal Investment Group, the Germany-based administrator, has completed the acquisition of Luxembourg-based financial services provider European Fund Administration S.A. (EFA). The agreement has recently been approved by CSSF, the Luxembourg financial regulator. EFA will act as the group’s international investor services platform. EFA and Universal Investment Luxembourg will continue as separate entities and will be…

Ontra, a provider of contract automation and intelligence solutions for asset managers, will acquire the material assets of Captain, a technology provider in the alternative funds space. The move will allow Ontra to bolster its legal operating system for private markets, providing asset managers with a more streamlined and efficient experience for private markets transactions.…

Two major M&A deals have closed: CSC and Intertrust have announced that shares representing 94.66pct of Intertrust’s outstanding capital have been tendered under the offer and that all other offer conditions have been satisfied. As a result, CSC has declared the offer unconditional. Settlement of the offer will take place on 4 November 2022. Waystone…

CSC and Intertrust have obtained all regulatory clearances in respect of the offer by CSC to acquire Intertrust. As a result, the offer condition with respect to the regulatory clearances has been satisfied. The offer period will end on 31 October 2022, and CSC and Intertrust recommend all shareholders to tender their shares before that…

CACEIS, the asset servicing banking group of Crédit Agricole S.A. and Santander, has signed a memorandum of understanding with Royal Bank of Canada for CACEIS to acquire the European asset servicing activities of RBC Investor Services and its associated Malaysian centre of excellence. This would include custody, global custody FX, fund administration, transfer agency, middle…