Apex has announced plans to acquire GFin Corporate Services Ltd., a Mauritius-based management company providing fund administration services to institutional clients. GFin provides a range of services including company, trust and fund formation, corporate and trust administration, fund administration, corporate structuring, tax compliance, accounting and tax services, NAV calculation, directorship, company secretarial and share registry.…
Category: M&A
Alter Domus makes acquisitions in London & Boston
Alter Domus, a Luxembourg-based provider of solutions to the alternative investment industry, has acquired London-based fintech, Credit-Vision Limited. Credit-Vision is a data and analytics platform for corporate credit investors. Credit-Vision streamlines and modernises portfolio management by automating data extraction from issuers’ financial reports and channels financial data from multiple sources into a single access point.…
SS&C to acquire Millennium Consulting Services
SS&C has entered into a definitive agreement to acquire Millennium Consulting Services and Millennium Seminar Services, which provide consulting and training services to insurance companies and insurance regulators. The purchase price for the two entities was not disclosed. The acquisition will add 13 employees across the U.S. The founders of the Millennium companies, Bruce Cromartie…
Oak and PraxisIFM end merger talks
Oak Group and PraxisIFM Group, two Guernsey-based administrators, have called off their proposed merger, first announced in August 2020. In a statement, Oak said: “With a particularly unpredictable global economic backdrop, a number of hurdles have led to the cessation of discussions”.
CSC acquires FIRSTCORP in Singapore
CSC, a U.S.-based provider of business, legal, tax, and digital brand services, has acquired FIRSTCORP PTE. LTD and its affiliates, a Singapore-based service provider of company secretarial and administration services to corporations and alternative asset managers. FIRSTCORP offers company formation, corporate secretarial, and domiciliation services, and specialises in the establishment and ongoing administration of Singapore…
Crestbridge acquires Ovation FS in the U.S.
Crestbridge, the C.I.-based private equity and real estate administrator, is to acquire Ovation Fund Services, a U.S.-based provider of fund administration, accounting and reporting services to US domestic private equity and real estate funds. Ovation will become part of the Crestbridge brand from 31 December 2020 and all Ovation employees will join the global Crestbridge…
Apex acquires UK retail TA provider, IASL
Apex has acquired Investor Administration Solutions Limited, a UK-based retail transfer agency business, from Professional Partners Administration Limited. Terms and details of the deal were not disclosed.
DMS acquires Azienda in Luxembourg
The DMS Group, a specialist fund corporate governance provider, has acquired Azienda Financial Services, a corporate services provider based in Luxembourg. Azienda specialises in administering investment structures for private equity, real estate and structured finance. Earlier this year, DMS struck an agreement with Luxembourg-based MDO, and Ireland-based MontLake, to form a broad fund governance and…
SIX takes stake in Custodigit
The Swiss Stock Exchange has made an investment in Custodigit, the joint venture created by Swisscom and Sygnum in 2018. With this agreement, SIX Digital Exchange, Swisscom, and Sygnum Bank will enable Swiss banks to offer access to digital assets for their customers through an institutional digital asset gateway. The gateway will support the complete…
Sanne to acquire PEA in Denmark
Sanne, the UK-listed provider of alternative asset and corporate business services, has agreed to acquire Private Equity Administrators, a Denmark-headquartered private equity fund administrator. PEA specialises in providing fund administration and depositary services to alternative fund structures. The business also has operations in Sweden and Guernsey, with over 55 employees and >EUR27bn AuA. This is…