SS&C Technologies to Acquire Calastone
Why we think this is neutral
This RNS announcement is about an acquisition, which does not fall into the mandatory news categories of contract news, order news, trading update, financing, funding, annual results, asset sale/disposal, flow testing, licence news, or delisting. Therefore, a neutral sentiment score is appropriate.
Key Points
- SS&C Technologies to acquire Calastone for approximately £766 million
- Calastone operates the largest global funds network, connecting more than 4,500 financial organizations across 57 markets
- Acquisition expected to close in Q4 2025, subject to regulatory approvals
- SS&C expects the acquisition to be accretive within 12 months
Summary
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announced a definitive agreement to acquire Calastone, the largest global funds network and leading provider of technology solutions to the wealth and asset management industries, from global investment firm Carlyle. The purchase price is approximately £766 million (approximately US $1.03 billion), subject to certain adjustments. The acquisition is expected to close in Q4 2025, subject to regulatory approvals.