JTC, the C.I.-based administrator, has acquired Segue Partners, a fund services business headquartered in St. Louis, Missouri. Founded in 2010, Segue provides fund solutions to private equity, venture capital and debt funds, as well as family offices. Michelle Murray, managing director and founder of Segue, will continue to lead the business, The transaction is not…
Category: M&A
Burgiss and Caissa to merge
The Burgiss Group, LLC and Caissa, LLC have entered into a definitive agreement to merge. On a combined basis, the firm will be one of the world’s leaders in private capital and total investment plan solutions. The combined firm will be headquartered in Hoboken, New Jersey and have over 450 employees worldwide. Burgiss is a…
Suntera to acquire NeoTrust in Lux
Suntera Global, the Isle of Man-based administrator, has made its second Luxembourg acquisition of the year. Following the acquisition of Reference Financial Services SA (Luxembourg), Suntera has now signed an agreement to acquire NeoTrust Fiduciary Luxembourg SARL, a fund and corporate services firm. With a team of 14 in Luxembourg, NeoTrust provides services to private…
State Street to buy BBH’s investor services business for USD3.5bn
State Street and Brown Brothers Harriman & Co. have entered into a definitive agreement for State Street to acquire BBH’s Investor Services business, including its custody, accounting, fund administration, global markets and technology services, for USD3.5bn in cash. Following the transaction, BBH will continue to independently own and operate its separate private banking and investment…
Suntera to acquire Reference in Lux
Suntera Global, an administrator based in the Isle of Man, plans to acquire Reference Financial Services SA (Luxembourg), a fund administration and corporate services firm. The acquisition is subject to regulatory approval. Founded in 2003, Reference is a provider of fund administration and corporate services to Luxembourg-based entities.
Preqin acquires Colmore
Preqin, the UK-based provider of alternative assets data, analytics and insights, has acquired Colmore, a private markets technology, services, and administration business. Colmore’s solutions include LP portfolio monitoring, analytics, fee tracking and validation, and fund administration services for its allocator clients. Colmore monitors more than 3,000 private market funds and more than 40,000 holdings.
Apex to acquire ARM in Switzerland
Apex Group plans to acquire ARM Swiss Representatives SA (ASR), an independent FINMA-regulated firm providing Swiss representation and distribution services to foreign fund managers. Founded in 2014, ASR provides compliance and regulatory services to over 630 funds and 350 fund managers internationally. ASR also acts as the distributor in Switzerland for approximately 12 fund managers.
Apex acquires Greenough Consulting Group in U.S.
Apex has acquired Greenough Consulting Group (GCG), a U.S.-based provider of finance, accounting, and human resources services to technology companies, venture capital and private equity funds. GCG’s client base is evenly split between start-ups or midmarket corporates, and venture capital and private equity funds.
EquiLend acquires majority stake in Stonewain
EquiLend, the fintech company for the securities lending, collateral and swaps industries, has acquired a majority stake in Stonewain Systems, an independent provider of software and solutions for the securities finance industry. EquiLend’s stake in Stonewain comes after a two-and-a-half year-partnership for EquiLend Spire.
Apex in talks to buy Sanne
Apex is in advanced discussions with the board of Sanne regarding a possible offer to be made by Apex for the entire issued, and to be issued, share capital of the company at a price of 920 pence per Sanne share, in cash. Apex says that it is well advanced in its due diligence review…