– SS&C Technologies Holdings, Inc. has announced a definitive agreement to acquire Calastonefor approximately £766 million (US $1.03 billion), subject to adjustments.
– Calastone, headquartered in London, operates the largest global funds network, connecting over 4,500 financial organizations across 57 markets.
– The deal is expected to close in Q4 2025, pending regulatory approvals.
SS&C plans to fund the acquisition with a combination of debt and cash on hand.
– The acquisition is expected to be accretive within 12 months of closing.
– Over 250 Calastone employees in London, Luxembourg, Hong Kong, Taipei, Singapore, New York, and Sydney will join SS&C Global Investor & Distribution Solutions, reporting to GM Nick Wright.
– Strategic benefits of the acquisition:
▪️Expands SS&C’s geographic footprint and strengthens its global fund ecosystem.
▪️Enhances capabilities in fund administration, transfer agency, AI, and intelligent automation.
▪️Supports cost reduction, simplification, and risk mitigation across the investment operations landscape.
▪️Enables enhanced distribution, investor servicing, and operational scalability.
– Bill Stone, Chairman and CEO of SS&C: Emphasized creation of a more connected, automated, and intelligent fund ecosystem.
– Julien Hammerson, CEO of Calastone: Highlighted SS&C’s scale and vision to accelerate innovation and digital transformation.
– Fernando Chueca, Carlyle: Praised Calastone’s growth and expressed confidence in SS&C as the right partner for continued success.
– Advisors on the transaction:
▪️SS&C: Davis Polk & Wardwell LLP (legal).
▪️Calastone: Barclays (financial), Linklaters and Mishcon de Reya LLP (legal).
