Altum Group, the C.I.-based financial services provider, has completed its acquisition of Link Fund Solutions (Luxembourg) S.A. (Link Luxembourg), following full regulatory approvals. Link Luxembourg is a provider of AIFM and third-party ManCo services. Following the close, Link Luxembourg will soon be rebranded to Altum Management Company (Luxembourg) S.A. and will operate as a subsidiary…
Category: M&A
Napier secures new funding
Napier AI, the UK-based financial crime compliance regtech, has received a GBP45m (USD57m) investment from Crestline Investors, Inc., a US based, credit-focused institutional alternative asset manager. Napier AI is a provider of AI-enabled financial crime and regulation technology compliance software, providing AML solutions across the banking, payments and wealth & asset management industries.
Ocorian completes Bovill deal
Ocorian, the C.I.-based provider of financial and corporate administration services, has completed the acquisition of Bovill, a UK-based specialist regulatory consultancy. Bovill is a global financial services regulatory partner to over 580 clients with offices in the UK, Singapore, Hong Kong and the U.S. Bovill’s team of over 80 specialists will combine with Newgate, Ocorian’s…
Suntera hires M&A head
Suntera Global, the C.I.-based administrator, has appointed James Harries as head of M&A. Before joining Suntera, he worked at a payments and software business. Recent M&A deals for Suntera have included the acquisitions of Guernsey-based Carey Commercial Limited, Socium Fund Services in the U.S., and Nedgroup Trust in Guernsey and Jersey, following the acquisition of…
State Street completes CF acquisition
State Street has completed its acquisition of CF Global Trading, a UK-based firm specialising in outsourced trading on an agency basis for a variety of asset classes, including equities, listed derivatives and fixed income. Financial terms are not being disclosed. State Street currently provides outsourced trading to clients in the Americas, APAC and Middle East,…
Carne completes GAM transfer
Carne Group, the Ireland-based administrator, has completed the transfer of GAM’s third-party fund management services business.
Apex to acquire in Lux
Edmond de Rothschild has entered into a definitive agreement to sell its Luxembourg-based third-party asset servicing activities to Apex Group. As part of this agreement, Apex will also acquire Edmond de Rothschild’s fund administration, transfer agency and custody activities for its private equity and infrastructure funds. The transaction is subject to customary conditions, including regulatory…
MUFG bids for Link
Mitsubishi UFJ Trust and Banking Corporation, a subsidiary of MUFG, has agreed to acquire 100pct of the issued shares of Link Administration Holdings Limited, the troubled Australian administrator, for AUD1.2bn (USD800m). Link Group is the largest Australian pension administration company, servicing approximately 41pct (10 million accounts) of Australian private pension members. Earlier this year Link…
Apex invests in Tokeny
Apex Group has become the strategic lead investor in Tokeny, the Luxembourg-based enterprise-grade tokenisation solutions provider. By leveraging Tokeny’s expertise, Apex says it is positioned to provide its single-source solution in the tokenisation era. At the beginning of 2023 Tokeny announced a partnership with Inveniam Capital Partners, Inc., a SaaS company delivering trust, transparency and…
Vistra to acquire Lux ManCo
Vistra Fund Management, the Luxembourg-based third-party AIFM of Singapore-based Vistra Group, plans to acquire Kroll (Luxembourg) Management Company S.à r.l., a super ManCo with UCITs and AIF licences. The transaction is subject to regulatory approvals. Jan Vanhoutte will lead VFM’s expanded business as managing director. Anil Singh will continue with the business in a leadership…