SS&C Technologies to acquire Calastone for $1.03 billion

WINDSOR - SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) announced Monday it has reached a definitive agreement to acquire Calastone, the largest global funds network, from investment firm Carlyle for approximately £766 million ($1.03 billion).

London-based Calastone connects more than 4,500 financial organizations across 57 markets through its global funds network. The transaction is expected to close in Q4 2025, subject to regulatory approvals.

SS&C plans to fund the purchase with a combination of debt and cash on hand and expects the acquisition to be accretive within 12 months. Calastone’s approximately 250 employees across offices in London, Luxembourg, Hong Kong, Taipei, Singapore, New York, and Sydney are expected to join SS&C Global Investor & Distribution Solutions.

"We’re excited to welcome Julien, the Calastone team and their valued clients to SS&C," said Bill Stone, Chairman and CEO of SS&C Technologies, in a press release statement.

The acquisition aims to strengthen SS&C’s position in fund administration and transfer agency services while expanding its geographic reach. Calastone currently processes over £250 billion of investment value monthly.

Julien Hammerson (LON:HMSO), CEO of Calastone, stated: "SS&C’s global scale and deep expertise across fund services and technology will enable us to accelerate innovation and deliver new digital capabilities to the market."

Fernando Chueca, Managing Director on the Carlyle Europe Technology Partners investment advisory team, noted that Carlyle has supported Calastone through "a transformational period of growth."

SS&C was advised by Davis Polk & Wardwell LLP, while Barclays (LON:BARC) served as exclusive financial advisor to Calastone. Linklaters and Mishcon De Reya served as legal advisors to Calastone for the transaction.

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