Morgan Stanley acquisition of Eaton Vance : Investment banking giant Morgan Stanley has agreed to acquire Boston-based investment management firm Eaton Vance, in a cash-cum-stock deal worth $7 billion. Eaton Vance offers advanced investment strategies and wealth management solutions to across the world. The company has more than $500 billion in assets under management (AUM). […]
Global CEO advisory firm Teneo has acquired Goldin Associates, a US-based financial advisory firm focused on financial restructuring, distressed situations, valuation analyses, and fiduciary roles. Financial terms of the deal were not disclosed by the parties. Established in 1990 by Harrison Goldin, Goldin Associates is said to partner with boards of directors, senior management, creditors, […]
Intercontinental Exchange acquisition of Ellie Mae : US financial market company Intercontinental Exchange (ICE) has signed a cash cum stock deal worth around $11 billion to acquire Ellie Mae, a cloud-based mortgage software provider, from private equity investment firm Thoma Bravo. Based in California, Ellie Mae was established in 1997 with a goal to automate […]
HealthEdge acquisition of Burgess : HealthEdge Software has acquired The Burgess Group, a payment integrity software company focused on enhancing healthcare payment operations by using technology. Financial terms of the deal were not disclosed. Burgess, which is based in Virginia, has developed a cloud-based platform called Burgess Source which is said to natively bring together […]
An investor consortium led by funds managed by Stone Point Capital and Further Global has struck a $4.2 billion deal to acquire financial consultancy firm Duff & Phelps from Permira funds and others. As per the terms of the deal, Permira funds will retain a significant minority stake in Duff & Phelps, which is engaged […]
Western Union has joined forces with Du Xiaoman Financial (previously fintech Baidu Finance) and its network of partners to expand its bank account payout in China through the latter’s mobile app. The partnership will enable international money transfer to be done in real-time to even more Chinese bank accounts. Account payout of any Western Union […]
Charles Schwab acquisition of TD Ameritrade: Charles Schwab, a California-based bank and stock brokerage firm, has signed an all-stock deal valued at around $26 billion to acquire TD Ameritrade, a securities brokerage services provider based in Nebraska. TD Ameritrade offers investing services to nearly 12 million client accounts totaling around $1.3 trillion in assets, and […]
SIX Group, a Swiss financial services company, has proposed to acquire 100% of Spanish stock exchange company Bolsas y Mercados Españoles (BME) for €34 per share, valuing the transaction at €2.84 billion. BME deals with the organizational aspects of stock exchanges and financial markets in Spain. The Spanish stock exchange company offers a range of […]
DNA Payments, a new payment technology company, has acquired CR7 Services, a UK-based payment solutions provider, for an undisclosed price. Founded in 2014, CR7 Services has been offering sophisticated, secure and reliable payment acceptance solutions to UK retailers. The payment solutions provider is said to have deployed nearly 36,000 terminals within the UK market so […]
Ascensus acquisition of Beneco : Ascensus, a US-based retirement and college savings services provider, has acquired Beneco, a provider of bundled retirement and health and welfare benefits administration solutions in the wage market, from Alpine Investors. Financial terms of Ascensus acquisition of Beneco were not disclosed. Beneco provides a comprehensive suite of recordkeeping, third-party administration, […]