Intercontinental Exchange has acquired the remaining equity of MERSCORP Holding, owner of Mortgage Electronic Registrations Systems, (MERS). ICE has owned a majority equity interest in MERS since 2016. The price and terms of the transaction have not been disclosed and
Tiger Bay Advisors, a provider of consulting and business process outsourcing (BPO) services to asset managers, has completed its acquisition of Gramercy Park Advisors, a boutique strategic advisory firm focused on the asset management industry. The combination marks a
Private equity firm GTCR has completed the previously announced acquisitions of Ultimus Fund Solutions and The Gemini Companies in a strategic combination. The combined company, which will operate as Ultimus Fund Solutions, is a provider of full service fund administration,
Digital asset exchange Kraken has acquired Crypto Facilities, a regulated cryptocurrency trading platform and index provider. The combination creates a specialist in cryptocurrency spot and futures trading. London-based Crypto Facilities offers individuals and institutions transparent, secure, 24/7 trading on a
Salus Capital Partners has provided a USD65m Debtor-in-Possession (DIP) credit facility to HMX Group, a designer, manufacturer and marketer of men’s and women’s business and leisure apparel. The DIP financing will be used by HMX Group to provide working capital
Double Haven Capital Management (Hong Kong) Limited (Double Haven) has acquired the hedge fund platform, DragonBack Capital Limited. 

Prior to the acquisition, Double Haven had outsourced its operations, risk and other back office functions to the team at DragonBack. These
Guernsey’s commitment to meeting international standards of transparency and exchange of information in tax matters was further underlined last week, with the signing of a Tax Information Exchange Agreement (TIEA) with the Republic of Slovenia. Iztok Jarc, Ambassador of the
Dematco, Inc a specialist in dematerialising and converting insurance instruments from paper form to electronic form, has announced a 50% revenue sharing agreement with Toronto-based hedge fund manager Quantus Investment Corp. Investment instruments and derivative products will be created from
Kuwait-based bank Warba Bank (Warba) has appointed investment consultant MJ Hudson Allenbridge to advise on the building out of its investment strategy and portfolio, including manager selection and integrated legal and investment due diligence. MJ Hudson Allenbridge will be working
Phaunos Timber Fund has reached agreement by mutual consent to terminate its investment management agreement with FourWinds Capital Management with immediate effect. The company has established a new subsidiary, Phaunos Boston, through which it intends to manage its assets.
