MJ Hudson, the UK-based asset management consultancy, has agreed to acquire Guernsey-based Saffery Champness Fund Services Limited (SCFS) from accountancy group Saffery Champness, subject to Guernsey FSC approval. SCFS has c. GBP400m AuA. Earlier this year MJ Hudson acquired Ireland-based Bridge Group, a super ManCo.
Category: M&A
IQ-EQ to buy Davy Global Fund Management in Ireland
IQ-EQ, the Luxembourg-based administrator, is to acquire Davy Global Fund Management, part of Davy Group, one of Ireland’s largest domestic financial services businesses. The transaction, which is subject to regulatory approval, is expected to close by the end of 2021, following which DGFM will rebrand to IQ-EQ. Formed in 2014, DGFM employs 83 people: 68…
State Street to acquire Mercatus
State Street has agreed to acquire U.S.-based Mercatus, Inc., a front-and-middle-office solutions and data management provider for private market managers. The transaction is expected to be completed in September, subject to customary closing conditions. Financial terms are not being disclosed. State Street intends to offer a fully integrated platform for growing private market segments including…
Carlyle and Mubadala invest in Apex
Carlyle, the private equity investor, and Mubadala, the Abu Dhabi-based sovereign wealth fund, have taken minority stakes in Apex Group Ltd. Carlyle and Mubadala have invested in the ordinary share capital alongside founder and CEO Peter Hughes, majority investor Genstar and TA Associates, which made a significant minority investment earlier this year. This investment expands…
Apex to acquire German administrator
Apex Group is to acquire mola-administration GmbH, a fund administrator based in Germany. mola-administration serves private equity firms, venture capital, debt, special situations and digital assets funds, with AuA of EUR3.5bn.
Genstar acquires majority stake in Foreside
Genstar Capital, a private equity firm, has signed a definitive agreement to acquire a majority stake in Foreside Financial Group, LLC from Lovell Minnick Partners. Foreside provides distribution, governance, risk management and compliance solutions to clients in the global asset and wealth management industries. Genstar is the majority owner of Apex Group.
BNY Mellon to acquire Milestone
BNY Mellon has entered into a definitive agreement to acquire Milestone Group, a U.S.-based provider of fund management technology, including the widely adopted pControl platform. The deal comes just over a year after the two companies formed an alliance to create a suite of oversight and contingent NAV services for asset managers and owners seeking…
Hex Trust receives funding from Cyberport
Hong Kong-based Hex Trust, a digital asset custodian, has secured investment from Cyberport, Hong Kong’s largest fintech hub, which is wholly owned by the Hong Kong SAR government.
Waystone receives investment from Montagu
Waystone, a provider of institutional governance, risk and compliance services to the asset management industry, has signed an agreement to receive significant investment from Montagu Private Equity, a European private equity firm. Waystone was formed from the merger of DMS, MDO and MontLake.
Deutsche Börse buys majority stake in Crypto Finance
Deutsche Börse Group has acquired a majority stake in Crypto Finance AG, a Switzerland-based financial group that offers trading, storage, and investment in digital assets to institutional and professional clients. Through the acquisition, Deutsche Börse will extend its offering for digital assets by providing a direct entry point for investments, including post-trade services such as…