Mainstream, the Australian administrator that has >AUD200bn (USD152bn) AuA, has entered into a Scheme Implementation Deed with Apex, and its directors have unanimously recommended that Mainstream shareholders vote in favour of the Apex offer.
Category: M&A
MJ Hudson acquires Clarus Risk
MJ Hudson, the UK-based consultancy, has acquired Clarus Risk, a fintech firm specialising in regulatory risk and risk reporting automation. Clarus will now trade as MJ Hudson Quantitative Solutions.
Apex acquires Senasen
Apex has acquired Senasen Group Ltd., a digital marketing platform provider designed to connect LPs and GPs and support the capital raising process. Founded by Blair McPherson and created by Ben Slater, both of whom will join Apex as part of the deal, Senasen’s proprietary SaaS platform will benefit clients through delivering a self-service offering…
Alter Domus to acquire IEA
Alter Domus, the Luxembourg-based provider of fund administration, debt capital markets and corporate services, continues its U.S. expansion with the acquisition of Investors Economic Assurance. This will add 22 specialists in alternative investment asset servicing and fund administration and more than USD54bn AuA. This is the third acquisition in North America for Alter Domus in…
Clearlake to buy Confluence from TA
Confluence Technologies, Inc., a U.S.-based software and data solutions provider to the investment management industry, has signed a definitive agreement for Clearlake Capital Group, L.P. to acquire the company from TA Associates. Upon closing of the transaction, Clearlake will become the majority shareholder while TA will retain a minority equity stake. Founded in 1991, Confluence…
TA buys minority stake in Apex
TA Associates, a global growth private equity firm, has taken a significant minority investment in Apex Group Ltd. Apex is majority-owned by Genstar Capital, a private equity firm. Apex recently passed the USD1trn mark in AuA.
Alter Domus acquires Beechbrook’s AIFM in Ireland
Alter Domus, the Luxembourg-based provider of services for the alternative investment industry, has launched AIFM and depositary services in Ireland. The launch follows approval by the Central Bank of Ireland for the acquisition of Beechbrook Capital’s Irish AIFM, and authorisation for Alter Domus’ depositary services.
LLR invests in Archer
Archer, a U.S.-based service provider to the investment management industry, has received a capital injection from LLR Partners, a lower middle market private equity firm investing in technology and healthcare businesses.
Intertrust acquires corporate secretarial business in HK
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.
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…