SS & C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced a definitive agreement on the acquisition of Calastone, a worldwide capital network and provider of technology solutions in the wealth and property industries by the World Investment Company Carlyle.
The purchase price is about £ 766 million (about $ 1.03 billion), subject to certain adjustments.
The acquisition is expected to close in the third quarter of 2025, without prejudice to regulatory approvals.
The SS&C expects the acquisition will be within 12 months and plans to fund the market with a combination of debt and cash.
Based in London, Calastone exploits the largest worldwide capital network, connecting more than 4,500 of the world’s top financial institutions in 57 markets. Most than 250 Calastone employees in London, Luxembourg, Hong Kong, Taipei, Singapore, New York and Sydney are expected to participate in SS & C Global Investor & Distribution Solutions, citing General Manager Nick Wright.
“We are excited to welcome Julien, the Calastone team and their appreciated customers in SS&C,” said Bill Stone, chairman and chief executive of SS & C Technologies. “Together, we will create a more connected, automated and smart global ecosystem – reducing complexity, enhancing customer experience and shaping the future of distribution and investment businesses.”
“We are pleased to combine forces with SS&C in our joint mission to build the most integrated, smart and connected asset management ecosystem,” said Julien Hammerson, Managing Director of Calastone. “The global scale and the deep know -how of SS & C in all services and technology of capital will allow us to accelerate innovation and offer new digital market capabilities. We look forward to cooperation to provide transformation services to assets and wealth managers.”
Fernando Chueca, Managing Director of the Carlyle Europe Technolognal Partners Counseling Group, said: “We are pleased to support Calasone through such a transformative development period for the business. They thrive in its next phase.”