Financial software provider SS&C Technologies (SSNC.O), opens new tab said on Monday it will acquire Carlyle's (CG.O), opens new tab British fund network and data business Calastone for about 766 million pounds ($1.03 billion). The Windsor, Connecticut-headquartered SS&C plans to fund the purchase with a combination of debt and cash on hand, it said in a statement. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. Reuters, in January, reported that Carlyle was working with Barclays to explore the sale of the London-headquartered business, a marketplace for trading and settling investment funds underpinned by blockchain technology.
Carlyle, which has $447 billion under management, bought Calastone from venture capital investor Octopus Ventures and Accel in 2020 for an undisclosed sum. Calastone's customers span 4,500 fund distribution and fund manager clients in 57 countries, processing over 250 billion pounds of investment value each month, according to its website. ($1 = 0.7437 pounds)
