SS&C Plans to Acquire Global Fund Network Calastone for £766 Million

SS&C Technologies Holdings (Nasdaq: SSNC) announced a definitive agreement to acquire Calastone, the world's largest global fund network and a prominent technology solutions provider for the wealth and asset management industry, from The Carlyle Group. The acquisition is valued at approximately £766 million ($1.03 billion), subject to certain adjustments. Calastone, headquartered in London, operates the world's most extensive global fund network connecting over 4,500 major financial institutions across 57 markets. The transaction, which is subject to regulatory approvals, is expected to close in the fourth quarter of 2025. SS&C anticipates that the acquisition will contribute to revenue expansion within 12 months. Funding for the buyout will be sourced through a combination of debt and cash on hand. Over 250 Calastone employees based in London, Luxembourg, Hong Kong, Taipei, Singapore, New York, and Sydney will join SS&C Global Investor & Distribution Solutions, reporting to General Manager Nick Wright. "SS&C is delighted to welcome Julian, the Calastone team, and their valued clients to our organization," said Bill Stone, Chairman and CEO of SS&C Technologies. "Together, we will create a more connected, automated, and intelligent global fund ecosystem to reduce complexity, enhance customer experience, and shape the future of distribution and investment operations." The acquisition bolsters SS&C’s efforts to transform investment processes and supports its ongoing geographic expansion. By integrating Calastone's global network and technology solutions, SS&C aims to offer a unified real-time operational platform that reduces costs, complexity, and operational risk across the global fund ecosystem. This will enable asset managers and wealth managers to drive innovation, diversify their products, and deliver better outcomes for investors worldwide. Julian Hammerston, CEO of Calastone, expressed enthusiasm about the partnership: "We are thrilled to join forces with SS&C, sharing a common mission to build the most comprehensive, intelligent, and integrated wealth management and asset management ecosystem. Leveraging SS&C's global scale and deep expertise in fund services and technology, we can accelerate innovation and introduce new digital functionalities to the market. We look forward to collaborating to deliver transformative services and foster growth in the asset and wealth management industry." Fernando Chueca, Managing Director of The Carlyle Europe Technology Partners investment advisory team, added, "We are pleased to have contributed to Calastone’s significant growth and development. Their established technology and network offer unique automation solutions, and we are confident they will maintain and enhance their market position and business momentum. We believe SS&C is the ideal partner to take Calastone to the next level of growth." Davis Polk & Wardwell provided legal advice to SS&C, while Barclays served as the exclusive financial advisor and Linklaters and Mishcon De Reya acted as legal advisors to Calastone for the transaction. About Calastone Calastone operates the world’s largest global fund network, connecting leading financial institutions across 57 countries and regions. Their mission is to simplify the industry, reduce risks, and lower costs while enhancing value for investors. Calastone processes over £250 billion in investment transactions each month, serving a diverse client base of 4,500 customers. About SS&C Technologies SS&C Technologies is a global provider of services and software for the financial services and healthcare industries. Founded in 1986 and headquartered in Windsor, Connecticut, SS&C serves more than 22,000 financial services and healthcare companies, ranging from the largest corporations to mid-sized and smaller firms. Trusted for its expertise, scale, and technology, SS&C is a key player in the industry. About The Carlyle Group The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry knowledge. It operates through three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. As of March 31, 2025, Carlyle managed $453 billion in assets, employing over 2,300 people in 29 offices across four continents. Carlyle aims to create value for investors, portfolio companies, and the communities where it lives and invests. For more information, visit www.carlyle.com and follow Carlyle on X (@OneCarlyle) and LinkedIn (The Carlyle Group). Additional information about SS&C Technologies is available at www.ssctech.com. Follow SS&C on X, LinkedIn, and Facebook for updates. The official version of this press release is in the original language. Translations are provided for convenience but should not be considered legally binding. For any official reference, please consult the original language document.