Temenos sells Multifonds for $400m to Montagu PE
The transaction for the fund administration software unit is subject to the satisfaction of customary closing conditions and is expected to be completed in Q2.
M&A
Crédit Agricole to acquire Santander’s stake in CACEIS to consolidate ownership
The transaction is expected to close in 2025, pending regulatory approvals and other customary conditions.
LSEG divests 5% interest in Euroclear to TCorp
TCorp’s total investment value in Euroclear is $478 million.
BNY closes Archer acquisition
With the acquisition closed, Archer’s middle- and back-office solutions are now integrated into BNY, streamlining managed account support for both institutional and retail clients.
SS&C Technologies to acquire Battea-Class Action Services for $670m
The acquisition aims to enhance securities class action claims management.
Vistra acquires Phoenix American’s fund admin and TA business
Acquisition will include Phoenix American’s proprietary technology platform, which tracks investors and investment transactions.
CACEIS completes integration of RBC’s European operations
After securing regulatory authorisations, CACEIS revamped its legal structures by consolidating entities in France, Luxembourg, Belgium, Ireland, and Switzerland.
ABN AMRO to enter asset servicing business with €672m Hauck Aufhäuser Lampe acquisition
ABN AMRO’s expansion into custody services will now extend to illiquid assets, further broadening its service portfolio.
State Street completes acquisition of CF Global
Deal will bump State Street into the ranks of outsourced trading giants such as Northern Trust and UBS, extending its remit in outsourced trading to the UK and Europe.
EquiLend set to be acquired by private equity firm WCAS
WCAS has committed a further $200 million investment to support organic growth initiatives and acquisitions by EquiLend.