Langham Hall, a UK-based administrator, has supported Paloma Capital LLP with the sale of its Purdey Portfolio to Partners Group for GBP253m (USD346m), and also established the acquisition structure in Jersey for Partners Group. Paloma Capital will stay on as co-investor and operating partner for the new structure, for which Langham Hall will provide ongoing…
Category: M&A
Nykredit transfers depositary business to BNY Mellon
Nykredit, one of Denmark’s largest financial services companies, has agreed to transfer its depositary business to BNY Mellon. Working together since 2008, BNY Mellon has provided custody, and Nykredit depositary services, to a wide range of clients in Denmark. As part of the agreement, a small team of employees will transfer to BNY Mellon. The…
Alter Domus buys Strata Fund Solutions to add USD140bn AuA
Alter Domus, the Luxembourg-based provider of fund administration, debt capital markets and corporate services has acquired Strata Fund Solutions LLC, a U.S.-based fund administrator serving U.S. private equity and venture capital funds. Strata has nearly USD140bn AuA with 200 employees. FTV Capital led a significant growth equity investment in Strata in 2018, with participation from…
Carne Group secures EUR100m investment from Vitruvian
Carne Group, the European provider of ManCo and fund governance services, has secured a EUR100m investment from Vitruvian Partners, a UK-based investor.
IHS Markit acquires Cappitech
IHS Markit, the provider of market information, analytics and solutions, has acquired Cappitech, a privately held Israeli company which provides regulatory reporting, best execution analysis and business intelligence solutions. Terms were not disclosed.
U.S. Bank acquires debt servicing & securities custody services client portfolio of MUFG Union Bank
U.S. Bank has entered into a definitive agreement to purchase the debt servicing and securities custody services client portfolio of MUFG Union Bank, N.A. Under the terms of the agreement, U.S. Bank will acquire approximately 600 client relationships and USD320bn AuC/A. The deal is expected to close in the first quarter of 2021, subject to…
IQ-EQ acquires Constellation
IQ-EQ, the Luxembourg-based administrator, has completed the acquisition of Constellation Advisers LLC, a U.S.-based co-sourced and outsourced investment management services provider, following receipt of all necessary regulatory approvals. Constellation Advisers, which has 115 employees across six U.S. offices, provides customised solutions to a range of traditional and alternative investment management firms, including private equity, real…
Sudrania acquires Triple Leo Consulting to boost digital presence
Sudrania Fund Services, a U.S.-based administrator, has acquired the primary assets of Triple Leo Consulting, a U.S.-based fund administrator that specialises in crypto and digital assets fund administration. Terms of the deal were not disclosed. TLC founder Mike Quinn joins Sudrania in an advisory role and TLC’s entire staff has joined Sudrania’s team. This acquisition…
MJ Hudson acquires PERACS
MJ Hudson, the UK-based asset management consultancy, has acquired PERACS, a fund and portfolio performance specialist. The PERACS business will operate under the name of MJ Hudson Fund Performance Analytics. This is the fourth acquisition by MJ Hudson’s Data & Analytics division in two years: Meyler, a marketing analytics business; Spring Associates Responsible Investor Services,…
Universal-Investment to buy Metzler’s Irish business
Universal-Investment Group is entering the Irish fund market with the acquisition of Metzler Ireland Limited (MIL). MIL has 20 employees with c. EUR2.8bn under management. The company is a part of B. Metzler seel. Sohn & Co. KGaA, a German private bank. Closing of the acquisition is subject to regulatory approval.