The European Energy Exchange (EEX) has acquired the remaining 12.3 per cent shareholding in French based Powernext from 3GRT and EDF. In doing so, EEX becomes the sole owner of Powernext with immediate effect. All parties involved in the transfer
JTC Group, a provider of fund, corporate and fiduciary services, has expanded its global footprint to include the Netherlands through the acquisition of New Amsterdam Cititrust (NACT). The deal, which remains subject to regulatory approvals, will see the entire management
StatPro Group, an AIM listed provider of cloud-based portfolio analysis and asset pricing services for the global asset management industry, has agreed to buy UBS’ risk and performance analytics service, UBS Delta. UBS Delta will enable StatPro to extend its
StepStone Group has closed the acquisition of Swiss Capital Alternative Investments, a European private debt and hedge fund solutions provider. The transaction was originally announced in May 2016, and has been in the process of receiving regulatory approvals since then.
Independent trust, fund and corporate services provider Crestbridge has established a presence in the GCC following its acquisition of Ohad Trust, a Bahrain-based trust, fund and corporate services provider in Manama. With regulatory consent having now been received from the
Public Pension Capital (PPC) and FiveW Capital, together with existing management, have acquired Viteos Fund Services, a provider of middle‐ and back‐office technology and services for the investment management industry. The transaction brings together a group of financial and strategic
Cowen Group is to acquire Convergex Group from private equity firm GTCR, Bank of New York Mellon and other shareholders for a total consideration, less certain closing adjustments, of USD116 million in cash and Cowen common stock. With combined pro
ITI Group has acquired a 100 per cent stake in Uralsib Securities. Based in the UK, Uralsib Securities, now renamed ITI Capital, holds a Financial Conduct Authority license for broker-dealer operations and asset management. ITI Capital offers direct market access
Allianz Global Investors (AllianzGI) is to add Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, to its private debt platform. AllianzGI will acquire Sound Harbor’s assets for an undisclosed sum and the Sound
Trumid, a financial technology company that improves trading efficiency and market intelligence in the corporate bond market, is to acquire fellow all-to-all trading platform Electronifie. The acquisition will increase the size and diversity of the Trumid user network and strengthen
