Temenos Group, a provider of software to financial institutions globally, has acquired Multifonds, a global provider of fund administration software. The acquisition will give Temenos additional scale, access to highly complementary products, client relationships with more than 30 of the
Apex Fund Services has acquired Pinnacle Fund Administration. Headquartered in Charlotte, North Carolina, Pinnacle operates additional offices in New York and Vancouver. Fund managers in the US and Canada are seeking to partner with stable providers that can provide a
Man Group is to acquire the investment management business of NewSmith, an equity investment manager with USD1.2 billion of funds under management. NewSmith has offices in London and Tokyo and has four portfolio management teams with 15 investment professionals, investing
Societe Generale Prime Services – formerly Newedge – has acquired a minority stake in Global Markets Exchange Group International (GMEX Group). Following the investment by Deutsche Börse Group AG, Societe Generale becomes the second minority investor in GMEX Group and
Natixis has entered exclusive negotiations to acquire DNCA. If the deal is completed, DNCA would would join Natixis Global Asset Management’s global lineup of independent investment management affiliates. DNCA’s management team would remain a shareholder alongside Natixis Global Asset Management
Fiera Capital Corporation is to acquire New York based Samson Capital Advisors, a US fixed income investment management firm with USD7.6 billion in assets under management. Total consideration paid at closing for the transaction will be approximately USD33.5 million, subject
Investment bank Greenhill & Co is to acquire Cogent Partners, a financial advisor to pension funds, endowments and other institutional investors on the secondary market for alternative assets. Cogent advises such institutions on sales of interests in private equity
GMEX Group has acquired a 25% stake, through its GMEX Technologies (GMEX TECH) subsidiary, in the Mauritius-based ALTX Africa Group Ltd (ALTX). ALTX wholly owns ALT-Xchange Ltd (ALTX Uganda) and ALT-X Clearing Ltd (ALTX Clearing). ALTX is also in discussions
Financial services software and provider SS&C Technologies is to acquire Advent Software, a provider of software and services for the global investment management industry. Under the terms of the agreement, SS&C will purchase Advent for an enterprise value of approximately
Spencer Capital Holdings is to acquire USA Risk Group an independent captive insurance manager. The transaction is subject to customary closing requirements and regulatory approval, and is expected to close during the first quarter of 2015. USA Risk currently serves
