Deutsche Börse AG has agreed to acquire the remaining 49pct stake of Clearstream Fund Centre from UBS for CHF390m (USD429m). Deutsche Börse will become the sole shareholder in the Zurich-based fund distribution platform, having initially acquired a 51pct stake in September 2020. The deal follows Euroclear’s recent announcement of its agreement to acquire MFEX, the…
Category: M&A
Euroclear to acquire MFEX
Euroclear has agreed to acquire MFEX Group, the global digital fund distribution platform that is majority owned by Nordic Capital. Established in 1999, the MFEX Group is headquartered in Stockholm with over 300 employees internationally. MFEX offers a complete solution for fund companies and distributors and has EUR320bn AuA. Over 350 institutional clients use MFEX…
ZEDRA to acquire BIL’s BFCS fund business
ZEDRA, the Cayman-based fund services provider, plans to acquire BFCS, the fund and corporate services arm of Banque Internationale à Luxembourg (BIL). The transaction is subject to regulatory approval from Luxembourg’s financial regulator, CSSF. BFCS, which has been active for more than 50 years, offers services and solutions in both the corporate and funds’ sector,…
Vistra bids AUD180.1m for Mainstream
Vistra, the Hong Kong-based administrator, has made an offer of AUD180.1m (USD139m) for Mainstream Group, an Australia-based administrator that has AuA of c. AUD210bn (USD162bn).
PayPal agrees to acquire Curv
PayPal has agreed to acquire Curv to accelerate and expand its initiatives to support cryptocurrencies and digital assets. Curv is a provider of cloud-based infrastructure for digital asset custody and security, with headquarters in New York and an R&D centre in Israel. In 2020 Curv collaborated with BNP Paribas Securities Services on a proof of…
Ocorian acquires Guernsey-based Platinum Compliance
Ocorian, the C.I.-based administrator, has acquired Platinum Compliance, a Guernsey-based compliance consultancy.
KBA agrees to buy EFG Fund Management in Luxembourg
KB Associates, the Ireland-based professional services firm has reached an agreement to acquire EFG Fund Management S.A., a Luxembourg-based management company and subsidiary of EFG International AG, the Swiss private banking group. The transaction is subject to regulatory clearance. EFG is a longstanding client of the firm and of KBA’s management company in Ireland.
JTC to acquire INDOS
JTC, the C.I.-based administrator, has announced plans to acquire INDOS, a provider of depositary, ESG and AML oversight services for alternative investment funds. INDOS employs >50 staff across three locations in Ireland and the UK. All employees, including INDOS founder and CEO Bill Prew and his senior management team, will join JTC. The transaction is…
Northern Trust takes equity stake in Equity Data Science
Northern Trust has reached an agreement to take an equity stake in Equity Data Science, Inc., a cloud-based analytics platform that provides decision support tools to asset managers for idea generation, portfolio construction and risk management. The deal will integrate EDS decision support tools with Northern Trust’s core technology platforms, and is an extension of…
Marketnode joins forces with Covalent for E2E digital FI solution
Marketnode, the digital assets joint venture between the Singapore Exchange (SGX) and Temasek, has partnered with fixed income issuance and data firm, Covalent Capital, to build what they claim is Asia Pacific’s first end-to-end digital infrastructure in the fixed income space. This latest development follows the JV announcement by SGX and Temasek. As part of…