Mergers and acquisitions

1410 articles tagged with this keyword

/wealth

SS&C agrees $120m Innovest Systems takeover

SS&C has struck a deal to buy wealth management technology outfit Innovest Systems for $120 million in cash and stock.

/markets

Euronext strengthens post-trade outlook with VP Securities swoop

Euronext is to acquire 70% of the shares of Danish post-trade utility VP Securities from its existing owners, the Danish Central Bank and four major institutions, Danske Bank, Nykredit, Nordea and Jyske Bank

/sustainable

Morningstar to take over ESG ratings outfit Sustainanalytics

Morningstar is to acquire 100% ownership of Sustainanalytics, a Dutch-domiciled provider of environmental, social, and governance (ESG) ratings and research.

/payments

Worldline progresses M&A strategy with majority stake in GoPay

Worldline has reinforced its merchant services business in Eastern Europe with the acquisition of a majority stake in Czech online payments processor GoPay.

/wholesale

Accountancy platform Bokio raises EUR7.4 million; acquires rival Red Flag

Accountancy platform Bokio has raised EUR7.4 million in equity finance and merged with Stockholm-based competitor, Red Flag.

/retail

SoFi Invest comes to Hong Kong

American digital lender SoFi is expanding into Asia after buying the parent firm of Hong Kong-based online brokerage 8 Securities. Financial terms were not disclosed.

/markets

Beeks Financial Cloud buys Velocimetrics

Beeks Financial Cloud Group has acquired network monitoring and trade analytics software firm Velocimetrics for a base consideration of £1.3 million in cash and equity, plus contingent earn-out.

/regulation

EC sets sights on Mastercard's Nets deal

Mastercard's EUR2.85 billion acquisition of Nets' account-to-account payment business is being assessed by the European Commission on competition grounds after six countries raised concerns about the deal.

/devops

SoFi buys fintech API builder Galileo for $1.2bn

Online lender SoFi has agreed a $1.2 billion cash and stock deal to buy financial services API and payments platform Galileo Financial Technologies.

/retail

Private banks may prove profitable partners for fintechs

Hauck & Aufhäuser, one of Germany’s oldest banks, recently announced a partnership with savings marketplace Raisin, integrating the platform’s products into its own ecosystem.

/payments

Coronavirus crisis knocks EUR105 million off PFS purchase price

EML Payments has negotiated a EUR105 million discount on a previously agreed deal to acquire Prepaid Financial Services, as the Covid-19 outbreak reshapes the economic landscape.

/regulation

Competition watchdog steps in over FNZ/GBST merger

FNZ's proposed takeover of GBST has been brought into question by the Competition and Markets Authority, following an investigation which concluded that the merger could result in UK investors losing out as a result of higher prices, fewer options and less innovation.

/payments

Crif acquires PFM firm Strands

Italian credit bureau and outsourcing company Crif has acquired personal financial management outfit Strands for an undisclosed sum.

/retail

Tink acquires Spanish account aggregation vendor Eurobits for EUR15.5 million

Swedish Open Banking platform Tink has acquired Eurobits Technologies, a Madrid-based provider of account aggregation technology, for EUR15.5 million.

/payments

Fiserv buys Bypass Mobile

Fiserv has boosted its omni-commerce capabilities through the acquisition of enterprise point-of-sale systems specialist Bypass Mobile. Financial terms of the deal were not disclosed.

/Mergers and acquisitions

Santander acquires controlling interest in trade finance software house Mercury TFS

Banco Santander is to acquire a majority 50.1% stake in Spanish trade finance software house Mercury TFS through a €30 million investment.

/payments

Nets buys Polish merchant acquirer PeP

Nordic payments giant Nets has agreed to buy Polskie ePłatności (PeP) in a deal valuing the Polish merchant acquirer at EUR405 million.

/payments

Salary Finance acquires Goldman-backed rival Neyber

Salary Finance, a London-based startup focused on salary-linked savings and loans for employees, has acquired Goldman Sachs-backed rival Neyber, significantly expanding its reach across UK workforces.

/markets

Nasdaq acquires institutional investment fintech firm Solovis

Nasdaq has acquired portfolio management firm Solovis, bolstering its 2017 acquisition of buy side analytics house eVestment.

/startups

Greensill buys Oz salary-on-demand startup Earnd

Earnd, a Sydney startup that allows employees to draw down their salary in installments, has been acquired by Greensill, a UK-based supplier of alternative supply chain finance. Financial terms of the deal were not disclosed.