Latest news with #SS&C
Finextra
4 days ago
- Business
- Finextra
SS&C acquires funds network Calastone in $1bn deal
Investment funds processing network Calastone has been bought by US-based funds servicing firm and software vendor SS&C Technologies in a deal worth £776m ($1.03bn). 1 This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. With more than 4,500 financial organisations as clients, Calastone, founded in 2007, considers itself to be the lagest network for investment funds. SS&C provides fund administraiton services to asset managers. According to the announcement, the two companies plan to build a "unified, real-time platform aimed at reducing cost and complexity across fund operations". The sale comes five years after Calastone welcomed private equity firm Carlyle Group as a majority shareholder, a deal that funded Calastone's expansion efforts and moves into other areas such as ETF processing and tokenisation. 'SS&C's global scale and deep expertise across fund services and technology will enable us to accelerate innovation and deliver new digital capabilities to the market," said Calastone CEO Julian Hammerson. "We look forward to working together to deliver transformational services to asset and wealth managers and drive growth. I am immensely grateful to the entire Calastone team for their dedication and to our clients for their continued trust.' 'Calastone has built an impressive network and platform, and together we will create a more connected, automated and intelligent global fund ecosystem," added SS&C chairman and CEO Bill Stone. "This combination reinforces our commitment to delivering innovative, scalable solutions to reduce complexity and enhance outcomes for the asset and wealth management industry.' The deal is expected to close in Q4 2025. Barclays acted as Calastone's financial advisor for the transaction, while legal counsel was provided by Linklaters and Mishcon De Reya.
Yahoo
22-07-2025
- Business
- Yahoo
SS&C enters around $1bn deal to acquire fund network Calastone
SS&C Technologies Holdings has agreed to acquire Calastone, which has a global funds network and offers technology solutions for the wealth and asset management sectors, from investment firm Carlyle. The deal is valued at around £766m ($1.03bn), with potential adjustments. Calastone manages a network linking more than 4,500 financial institutions across 57 markets worldwide. The transaction is slated for completion in the last quarter of 2025, pending regulatory approval. SS&C anticipates the deal to be accretive within a year and will finance it using a mix of debt and available cash. Calastone's workforce of over 250, based in offices in London, Luxembourg, Hong Kong, Taipei, Singapore, New York, and Sydney, will transition to SS&C's Global Investor & Distribution Solutions unit. These employees will report to general manager Nick Wright. The purchase aligns with SS&C's aim to strengthen its investment operations and expand its global presence. Calastone's network and technological capabilities is said to complement SS&C's services in fund administration, transfer agency, artificial intelligence, and automation. The integration of the two companies is expected to create a cohesive platform to simplify operations, lower costs, and reduce risks in the global funds ecosystem, while also supporting distribution efforts. This combination is anticipated to enhance investor services, improve operational efficiency, and enable asset and wealth managers to develop new products and deliver improved results for investors globally. "SS&C enters around $1bn deal to acquire fund network Calastone" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
21-07-2025
- Business
- Yahoo
Carlyle Exits Calastone As SS&C Expands Global Fund Reach
SS&C Technologies Holdings Inc. (NASDAQ:SSNC) has signed a definitive agreement to acquire Calastone, a major technology player in the wealth and asset management space, from global investment firm Carlyle (NASDAQ:CG) for approximately £766 million, or around $1.03 billion. The deal marks a major expansion move for SS&C in global fund distribution and automation. Based in London, Calastone connects over 4,500 financial organizations across 57 markets. The transaction is expected to close in the fourth quarter of 2025, pending regulatory clearance. SS&C will integrate Calastone's 250-person workforce across seven global offices into its Global Investor & Distribution Solutions unit, led by General Manager Nick Wright. The acquisition, to be financed through a mix of debt and cash, is expected to become earnings accretive within 12 Chairman and CEO Bill Stone said the combination will help build a more intelligent and automated global fund infrastructure. 'Together, we will create a more connected, automated, and intelligent global fund ecosystem,' he said. Calastone's platform aligns with SS&C's strengths in fund administration, AI, and automation. The merger aims to cut costs and risks for clients while improving scalability and investor services globally. Julien Hammerson, Calastone's CEO, said joining SS&C will help speed innovation and deliver new capabilities to asset and wealth managers. Fernando Chueca of Carlyle added that the firm is confident SS&C is the right partner to carry Calastone forward after a period of substantial growth. SS&C Technologies held $515.0 million in cash and cash equivalents as of March 31, 2025. Related ETFs: iShares Global Tech ETF (NYSE:IXN), Financial Select Sector SPDR Fund (NYSE:XLF). Price Action: CG shares are trading lower by 0.10% to $60.11 premarket at last check Monday. SSNC shares closed 0.18% higher at $83.41 on Friday. Read Next:Image via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? SS&C TECHNOLOGIES HLDGS (SSNC): Free Stock Analysis Report This article Carlyle Exits Calastone As SS&C Expands Global Fund Reach originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Wall Street Journal
21-07-2025
- Business
- Wall Street Journal
SS&C Technologies to Buy Calastone From Carlyle for About $1 Billion
SS&C Technologies SSNC 0.18%increase; green up pointing triangle Holdings has struck a deal to buy funds network operator Calastone from private-equity firm Carlyle CG 0.10%increase; green up pointing triangle Group for roughly $1 billion. SS&C, a provider of software for the financial-services and healthcare industries, on Monday said it will pay about 766 million pounds ($1.03 billion) for London-based Calastone, which operates a global funds network that connects more than 4,500 financial organizations across 57 markets.
Associated Press
21-07-2025
- Business
- Associated Press
SS&C Technologies to Acquire Calastone
WINDSOR, Conn.--(BUSINESS WIRE)--Jul 21, 2025-- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced a definitive agreement to acquire Calastone, the largest global funds network and leading provider of technology solutions to the wealth and asset management industries, from global investment firm Carlyle. The purchase price is approximately £766 million (approximately US $1.03 billion), subject to certain adjustments. Headquartered in London, Calastone operates the largest global funds network, connecting more than 4,500 of the world's leading financial organizations across 57 markets. The acquisition is expected to close in Q4 2025, subject to regulatory approvals. SS&C expects the acquisition to be accretive within 12 months and plans to fund the purchase with a combination of debt and cash on hand. Calastone's more than 250 staffers in London, Luxembourg, Hong Kong, Taipei, Singapore, New York and Sydney are expected to join SS&C Global Investor & Distribution Solutions, reporting to General Manager Nick Wright. 'We're excited to welcome Julien, the Calastone team and their valued clients to SS&C,' said Bill Stone, Chairman and CEO of SS&C Technologies. 'Together, we will create a more connected, automated, and intelligent global fund ecosystem — reducing complexity, enhancing client experience, and shaping the future of distribution and investment operations.' The acquisition of Calastone reinforces SS&C's commitment to transforming investment operations and bolsters SS&C's ongoing geographic expansion. Calastone's global network and technology solutions complement SS&C's leadership in fund administration, transfer agency services, AI and intelligent automation. By combining capabilities, the two companies will deliver a unified, real-time operating platform to reduce cost, complexity, and operational risk across the global fund ecosystem as well as shaping distribution. This strategic alignment enables enhanced distribution, investor servicing, and operational scalability — empowering asset and wealth managers to innovate, diversify products, and deliver better outcomes for investors worldwide. 'We are pleased to be combining forces with SS&C in our joint mission to build the most comprehensive, intelligent and connected wealth and asset management ecosystem,' said Julien Hammerson, CEO of Calastone. 'SS&C's global scale and deep expertise across fund services and technology will enable us to accelerate innovation and deliver new digital capabilities to the market. We look forward to working together to deliver transformational services to asset and wealth managers and drive growth.' Fernando Chueca, Managing Director on the Carlyle Europe Technology Partners investment advisory team, said: 'We are pleased to have supported Calastone through such a transformational period of growth for the business. Its well-established technology network represents a differentiated, automated offering and we believe the business is well-positioned to build upon its market position and business momentum. We are confident that SS&C is the right partner to continue Calastone's success, and we look forward to watching the company thrive in its next phase.' SS&C was advised by Davis Polk & Wardwell LLP. Barclays served as exclusive financial advisor to Calastone and Linklaters and Mishcon De Reya served as legal advisors to Calastone in connection with the transaction. About Calastone Calastone is the largest global funds network, connecting the world's leading financial organisations. Calastone's mission is to reduce complexity, risk and costs, enabling the industry to deliver greater value to investors. 4,500 clients in 57 countries and territories benefit from Calastone's services, processing over £250 billion of investment value each month. Calastone is headquartered in London and has offices in Luxembourg, Hong Kong, Taipei, Singapore, New York and Sydney. About SS&C Technologies SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. More than 22,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale, and technology. About Carlyle Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $453 billion of assets under management as of March 31, 2025, Carlyle's purpose is to invest wisely and create value on behalf of its investors, portfolio companies, and the communities in which we live and invest. Carlyle employs more than 2,300 people in 29 offices across four continents. Further information is available at Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group. Additional information about SS&C (Nasdaq:SSNC) is available at Follow SS&C on X, LinkedIn and Facebook. View source version on CONTACT: Brian Schell Chief Financial Officer SS&C Technologies Tel: +1-816-642-0915 E-mail:[email protected] Stone Investor Relations SS&C Technologies Tel: +1- 212-367-4705 E-mail:[email protected] Contacts Sam Gentile Tel : +1-646-818-9195 Email :[email protected] KEYWORD: EUROPE UNITED STATES UNITED KINGDOM NORTH AMERICA CONNECTICUT INDUSTRY KEYWORD: SOFTWARE FINANCE ASSET MANAGEMENT CONSULTING PROFESSIONAL SERVICES TECHNOLOGY ELECTRONIC COMMERCE FINTECH SOURCE: SS&C Copyright Business Wire 2025. PUB: 07/21/2025 04:00 AM/DISC: 07/21/2025 04:01 AM
