Intertrust has acquired the Hong Kong-based corporate secretarial business of Pinsent Masons, an international law firm. The acquisition enables Intertrust to offer a fully integrated corporate services proposition to its clients in Hong Kong and the wider APAC region and supports the firm’s regional growth strategy.
Category: M&A
Apex to acquire Brazil’s BRL Trust
Apex plans to acquire Brazil’s BRL Trust Investimentos, an independent fund administrator. The BRL Trust business will add BRL198bn (USD38bn) AuA and BRL166.7bn (USD32bn) AuC across 560 international and Brazilian investment funds. The deal comes after Apex’s previous announcement of its intention to acquire MAF, the fund administration business of the Brazil-based Banco Modal, which…
CSC acquires PEF
CSC, a U.S.-based provider of business, legal, tax, and digital brand services, has acquired PEF Services LLC, a U.S.-based provider of fund administration services to private capital firms and their investors, including private equity, private debt, venture capital and U.S.-based small business investment companies (SBICs). Anne Anquillare, CEO and president of PEF, joins CSC as…
Insight sells Fenergo to Astorg and Bridgepoint
Insight Partners, the owner of Fenergo, the Ireland-based provider of KYC and client lifecycle management software solutions for financial institutions, has reached an agreement to sell the business to Astorg and Bridgepoint. Terms have not been disclosed.
Apex acquires Israel’s Tzur Management
Apex has acquired Tzur Management, an Israeli fund administrator with offices in Tel Aviv and New York. The acquisition of Tzur will add 90 employees and AuA of USD13bn. Founded in 2011, Tzur is a full-service fund services provider serving clients in the global alternative investment sector.
Cowen invests in PolySign to develop digital assets custody
Cowen Digital Asset Investment Company LLC, a division of U.S.-based investment bank Cowen Inc., and PolySign, Inc. have formed a strategic partnership, to enable Cowen’s institutional clients to secure, access and leverage cryptocurrencies and digital assets in their portfolios. In support of the partnership, Cowen has made a USD25m investment in PolySign, leading the USD53m…
Galaxy Digital to acquire BitGo
Galaxy Digital, a U.S.-based financial services provider in the digital asset, cryptocurrency, and blockchain technology sectors, has agreed to acquire BitGo, an independent digital assets infrastructure provider. BitGo was the first independent regulated custodian in the U.S., purpose-built for digital assets. It has >USD40bn AuC, serving over 150 exchanges and over 400 institutional clients.
Northern Trust completes acquisition of Parilux
Northern Trust has completed its acquisition of Parilux Investment Technology, LLC, following its initial investment in the firm in 2018. Northern Trust’s Front Office Solutions business integrates Parilux’s software with a proprietary cloud-based web and mobile interface.
Apex submits superior bid for Mainstream
Mainstream Group, the ASX-listed administrator which has been the subject of takeover offers from both Vistra and SS&C, has received an unsolicited offer from Apex Group, and has advised SS&C that it has until May 6 to match the Apex bid or offer more favourable terms.
HWM acquires KOGER
HWM Group, a Dublin-based investor services and regulatory solutions provider to alternative and retail fund administrators, has acquired the assets of KOGER, Inc., a U.S.-based fintech. Lovell Minnick Partners, LLC, a private equity firm focused on investments in financial services, fintech and related business services, funded the KOGER asset acquisition and has taken a majority…