Cowen has completed its acquisition of Convergex Group for a total consideration of USD100.7 million (including seller transaction expenses) and is comprised of USD53.1 million in cash and USD47.6 million in Cowen common stock. Effective today, Convergex has been
Intercontinental Exchange (ICE) is to acquire Bank of America Merrill Lynch’s Global Research division’s index platform. The BofAML indices are the second most used fixed income indices by assets under management (AUM) globally, and upon closing, the AUM benchmarked against
Taurus Administration Services has acquired Pacific Fund Systems’ PFS-PAXUS integrated share registry/fund accounting platform to support a push into the European market, which it expects to grow as a result of the Alternative Investment Fund Managers Directive. Taurus will target
Euronext has acquired around 90 per cent of FastMatch for a USD153 million initial cash consideration. FastMatch’s management will remain invested with a circa 10 per cent interest, with minority rights. Closing is subject to regulatory and anti-trust approvals,
MainstreamBPO has executed sale agreements to acquire Trinity Fund Administration in Ireland and the Cayman Islands. Privately owned Trinity currently provides administrative, transfer agency, company register, corporate secretarial, risk and regulatory reporting and other ancillary services to over 140
MUFG Investor Services has secured all regulatory approvals for its acquisition of UBS Asset Management’s Alternative Fund Services (AFS) business and the acquisition has closed. The deal forms part of MUFG Investor Services’ strategy to build a global industry-leading fund
Northern Trust to acquire UBS Asset Management's fund administration servicing units in Luxembourg and Switzerland, expanding its presence in the former and gaining local fund administration capabilities in the latter. Following the transaction, which is expected to close in the
SoftBank Group (SoftBank or SBG) is to acquire Fortress Investment Group (Fortress) in a cash deal worth approximately USD3.3 billion. Under the terms of the merger agreement, which has been unanimously approved by a Special Committee of Independent Directors of Fortress's Board of
CBOE Holdings expects to complete its acquisition of Bats Global Markets on 28 February, 2017. Earlier this month, CBOE Holdings received its final remaining regulatory approval from the United Kingdom’s Financial Conduct Authority (FCA), meaning that all US and European
Maitland, the global advisory and fund administration firm, has acquired Edinburgh based R&H Fund Services Limited from Jersey-based fund administrator R&H Fund Services (Jersey) Limited. The move is the latest chapter of a period of global expansion for Maitland,
