Ocorian, a C.I.-based provider of fund and corporate administration services and regulatory solutions has entered into an agreement to acquire the fund solutions division of Element 78 Partners LLC (E78), a professional services provider headquartered in Chicago. This acquisition, which is subject to regulatory approval, expands Ocorian’s presence in the U.S. Ocorian will combine the…
Category: M&A
Temenos sells Multifonds
Temenos, the fintech, has sold Multifonds, its fund administration software business, to Montagu Private Equity, a European private equity firm, for about USD400m.
Suntera to acquire Khepri
Suntera Global, the C.I.-headquartered provider of fund, corporate and private wealth services, has agreed to acquire Khepri Limited, the UK-based fund administration and corporate services provider, The deal is subject to regulatory approval and is expected to close in the second half of the year. Khepri has a team of more than 35 and services…
IQ-EQ acquires in U.S.
IQ-EQ, the Luxembourg-based administrator, has acquired South Watch LLC, a small provider of fund administration, outsourced CFO support and tax preparation services to hedge fund managers in the U.S. and Cayman Islands. The business was acquired from the majority shareholder, Everlane Equity Partners, and employee shareholders. The South Watch partners, Paul Timmins, Kirby Richards and…
GIC takes stake in Citco
Citco and GIC have entered a long-term relationship. As part of the agreement, GIC, the Singapore-based SWF, has become a minority shareholder in Citco. The founding Smeets family will remain the majority shareholder in Citco.
Apex to takeover Tokeny
Apex is to acquire a majority stake in Tokeny, the Luxembourg-based tokenisation solutions provider. The transaction, which will see Apex having 100pct control over the next three years, follows the initial investment and strategic partnership with Tokeny announced in 2023.
Valeas replaces Palatine at Suntera
Suntera Global, the C.I.- headquartered provider of fund, corporate and private wealth services, has entered into an agreement with Valeas Capital Partners, an equity investment firm, to acquire a majority stake in Suntera. Under the terms of the agreement, Valeas is committing significant new equity capital to support the expansion of Suntera’s capabilities and global…
Waystone to acquire BIL’s ManCo
Waystone, a European provider of specialist services to the asset management industry, is set to acquire BIL Manage Invest, a ManCo, from Banque Internationale à Luxembourg (BIL) Group, subject to regulatory approval. Waystone’s acquisition of BIL Manage Invest will increase its AuM in Luxembourg by c. 15pct. The acquisition will also support Waystone’s long-term strategic…
IQ-EQ to acquire down under
IQ-EQ, the Luxembourg-based administrator, has signed an agreement to acquire the AMAL Group, a provider of corporate trust, agency services and loan Servicing solutions, with operations in Australia and New Zealand. The transaction is subject to regulatory approval from the Foreign Investment Review Board (FIRB) in Australia. AMAL Group has in excess of AUD37bn (USD24bn)…
Apex to buy Flow
Apex has agreed to buy Flow. Founded in 2018, Flow simplifies fund management with its infrastructure software that provides a platform for insights, transparency and dialogue between fund managers and the broader ecosystem of investors, law firms, fund administrators, banks, and accounting firms. The addition of Flow adds 15 employees and AuA of USD17bn. The…