SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) has finalized its acquisition of Calastone from global investment firm Carlyle, marking a significant expansion in its global fund operations capabilities. The purchase was completed for approximately £766 million (approximately US $1.03 billion), subject to certain adjustments.
SS&C funded the acquisition through a combination of debt and cash, including an upsizing of its Term Loan B facility by $1.05 billion. This facility carries an interest rate of SOFR+200 and is set to mature in 2031. The transaction is projected to be accretive over the next 12 months.
Calastone, known as the largest global funds network, provides technology solutions to the wealth and asset management industries. It currently serves 4,500 clients across 58 countries and territories, processing over £250 billion in investment value each month. Its mission focuses on reducing complexity, risk, and costs within the industry to enhance value for investors.
Effective immediately, Calastone’s team of 250 employees will integrate into SS&C Global Investor & Distribution Solutions, reporting to General Manager Nick Wright. Calastone maintains a global footprint with offices in London, Luxembourg, Hong Kong, Taipei, Singapore, New York, and Sydney.
This acquisition strategically complements SS&C’s existing offerings in fund administration, transfer agency, artificial intelligence, and intelligent automation. The combined entity aims to deliver a unified, real-time operating platform designed to lower costs, complexity, and operational risk for fund industry participants globally. Clients are expected to benefit from improved distribution, investor servicing, and operational scalability.
Bill Stone, Chairman and CEO of SS&C Technologies, commented on the acquisition, stating, “Calastone’s network and technology further strengthen SS&C’s leadership across global fund operations. Together, we will accelerate innovation for our clients, expand our reach, and continue to simplify the way the industry operates.”
Julien Hammerson, CEO of Calastone, also remarked, “This is an exciting new chapter for Calastone. Joining SS&C gives our clients and employees access to greater scale, investment, and opportunity. We’re proud of what we’ve built and look forward to contributing to SS&C’s continued growth and global success.”
SS&C, a global provider of services and software for the financial services and healthcare industries since 1986, was advised by Davis Polk & Wardwell LLP for this transaction.
