Man Group plc has acquired Aalto Invest Holding AG and launched a new ‘private markets offering’, Man Global Private Markets, designed to offer longer term investments and complement their existing products. Man defines private markets as real estate, credit and
Financial services provider SS&C Technologies has acquired Wells Fargo Global Fund Services, a provider of administration, middle-office, operations and cash/collateral management services to alternative investment managers. The terms of the deal have not been revealed. Wells Fargo GFS administers more
BGC Partners, a provider of brokerage services to the financial and real estate markets, is to acquire Perimeter Markets, an independent provider of electronic fixed income and futures trading in Canada, through its CBID platforms. "This transaction will enhance BGC's
Fund administration provider MainstreamBPO is to acquire New York-based hedge fund administration business Fundadministration. Fundadministration is a US full-service fund administration firm that works with emerging and established hedge fund managers, registered investment advisers and traders. The firm administers
An affiliate of alternative investment platform FAB Partners is to acquire US private debt investment manager CIFC for approximately USD333 million in cash. Under the terms of the merger agreement, CIFC shareholders will be entitled to receive USD11.46 in cash
European exchange group Euronext is to acquire a 20 per cent stake in central counterparty EuroCCP for around EUR14 million, subject to closing adjustments. This follows the announcement on 12 May confirming Euronext was in exclusive talks to acquire a
Crestline Specialty Lending (CSL), a part of the opportunistic investment group of credit-focused institutional alternative asset manager Crestline Investors, is supporting benefitexpress’ add-on acquisition of benefitsCONNECT. benefitexpress, headquartered in Schaumburg, Illinois, provides a cloud-based Software-as-a-Service platform for employee benefits and
Bats Global Markets is to acquire Javelin SEF, a swap execution facility (SEF). The deal is intended to accelerate Bats’ plans to offer trading of non-deliverable forwards (NDFs) for the foreign exchange market. Javelin currently offers trade execution for
KCG Holdings is to acquire Neonet Securities, an independent agency broker and execution specialist based in Stockholm, from its shareholders Hay Tor Capital, KAS BANK and Cidron Delfi Intressenter Holding. Financial terms of the deal have not been disclosed.
Operations technology startup Predictive has acquired 2338 Technologies, an early-stage, privately-backed startup developing machine learning technologies. The purchase price has not been disclosed. 2338’s technology will now power PredictiveOps, a SaaS application that is aiming to transform language in
